Albert Arisso & Frank Hermosa Of Vertix Group Provide $6.7M Construction Loan For Miami Development Site

The property involved in this transaction is a development site located at 3370 Florida Avenue in Miami. It is designated for the construction of four luxury townhomes, which have been designed by Arquitectonica. The loan amount for this project totals $6,700,000, classified as a construction loan.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $6,700,000
• Address: 3370 Florida Avenue
• Market: Miami
• Lender: Albert Arisso & Frank Hermosa - Vertix Group
• Borrower: Alchemy Group & PEND (canopycoconutgrove.com)
• Loan Type: Construction

Albert Arisso and Frank Hermosa represent Vertix Group in this transaction as lenders. The borrowers, Alchemy Group and PEND, are the parties seeking financing to proceed with the development of the luxury townhomes at the specified address.