Diego Ojeda Of PSL Apartments Secures $4.675 Million Bridge Loan From Vertix Group In Port St. Lucie
3045 Southwest Port Saint Lucie Boulevard
$4,675,000
Building Size
—
Asset Type
Development Site
Closing
Jun 27, 2024
AI
The property asset involved in the transaction is a development site located at 3045 SW Port St Lucie Blvd, Port St. Lucie, FL, with a building square footage of 320,340. The loan amount secured for this property is $4,675,000 consisting of a bridge loan arrangement.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,675,000
- Lender: Albert Arisso & Frank Hermosa - Vertix Group
- Landlord: Diego Ojeda - PSL Apartments
- Brokers: Javier Herrera & Nick Sumpter - Franklin Street
Key individuals in the deal include Albert Arisso and Frank Hermosa, who represent the lender, Vertix Group. Diego Ojeda acts as the landlord on behalf of PSL Apartments, while brokers Javier Herrera and Nick Sumpter are affiliated with Franklin Street in this transaction.
Players
Port Saint Lucie Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.39%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93