Diego Ojeda Of PSL Apartments Secures $4.675 Million Bridge Loan From Vertix Group In Port St. Lucie
FINANCED
$4,675,000
Florida
See Similar DealsDevelopment Site
Financed 06/27/2024
FINANCED
Diego Ojeda Of PSL Apartments Secures $4.675 Million Bridge Loan From Vertix Group In Port St. Lucie
3045 Southwest Port Saint Lucie Boulevard
See Similar DealsDevelopment Site
Financed 06/27/2024
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,675,000.00
Monthly NOI$31,166.67
Monthly Debt Service$29,549.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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