Updated Aug 24, 2026
Marco Vazquez Of Unique Living Grove Secures $3.8M Refinance Loan For Development Site In Coconut Grove
2701-2721-2740 2751 sw 28th ave, Miami
$3,800,000
Building Size
—
Asset Type
Development Site
Closing
Aug 5, 2026
About this deal
AI
The transaction involves a development site located at 2701, 2721, 2740 & 2751 Southwest 28th Avenue in the Coconut Grove market. The property successfully secured a refinance loan amounting to $3,800,000, facilitated by Vertix Group, with no additional information on square footage provided.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,800,000
- Lender: Vertix Group - Jose Godoy
- Borrower: Marco Vazquez - Unique Living Grove
- Broker: Alberto Azpurua - Piebald Capital
- Loan Type: Refinance
This deal showcases the involvement of Jose Godoy representing the lender, Vertix Group, while Marco Vazquez is the borrower associated with Unique Living Grove. The transaction was brokered by Alberto Azpurua from Piebald Capital, emphasizing the collaborative efforts of these key individuals and their respective companies.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93