Benmark Capital Provides $100,000,000 Loan For Development Site In Coral Gables

33 Alhambra Circle

$100,000,000

Building Size

—

Asset Type

Development Site

Closing

May 26, 2026

AI

The property asset involved in the transaction is a development site located at 33 Alhambra Circle in Coral Gables, featuring 74 units. The construction loan amount secured for this asset is $100,000,000.

Summary of transation details:

Property Type: Development Site
Transaction Amount: $100,000,000
Lender: Benmark Capital
Lender CEO: Fernando de Nunez y Lugones
Owner: Alirio Torrealba & Diego Torrealba
Co-Owner: Fernando de Nunez y Lugones
Brokerage: Berkadia
Brokers involved: Scott Wadler, Bobby Dockerty, Matt Jackson, Matt Robbins, Mitch Sinberg, Brad Williamson & Mark Simon
Loan Type: Construction

This transaction features key individuals such as Fernando de Nunez y Lugones, who serves as the CEO of the lending entity Benmark Capital. The owners include Alirio Torrealba and Diego Torrealba of MG Developer, along with co-owner Fernando de Nunez y Lugones from VYV Development, highlighting the collaboration between these stakeholders in the real estate development process.