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413 Northwest 3rd Street

Italo Balbi Secures $5,950,000 Bridge Loan From Nexos Invest For Development Site In Miami
FINANCEDDevelopment Site

Italo Balbi Secures $5,950,000 Bridge Loan From Nexos Invest For Development Site In Miami

413 Northwest 3rd Street

$5,950,000

Building Size

Asset Type

Development Site

Closing

Mar 31, 2026

AI

The asset involved in the transaction is a development site located at 413 Northwest 3rd Street in the Miami market. The loan amount secured for this property is $5,950,000, structured as a bridge loan.

Summary of transaction details:

The key individuals involved in this transaction include Italo Balbi representing the interests of the landlord and the brokerage teams led by Carlos Vázquez from Nexos Invest, along with Gaston Schneider and Mauricio Ordoñez from Q Kapital Group, facilitating the loan arrangement for the development site.

Players

Mauricio Ordoñez

Q Kapital Group

Broker

$84.6M

vol

7 deals

Broker
Nexos Invest
Nexos InvestLender

Miami 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

2.67%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93