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:
- Property Type: Development Site
- Transaction Amount: $5,950,000
- Lender: Nexos Invest
- Landlord: Italo Balbi
- Brokers: Carlos Vázquez - Nexos Invest; Gaston Schneider & Mauricio Ordoñez - Q Kapital Group
- Transaction Date: 04/01/2026
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
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