Italo Balbi Secures $5,950,000 Bridge Loan From Nexos Invest For Development Site In Miami
FINANCED
$5,950,000
Florida
See Similar DealsDevelopment Site
Financed 04/01/2026
FINANCED
Italo Balbi Secures $5,950,000 Bridge Loan From Nexos Invest For Development Site In Miami
413 Northwest 3rd Street
See Similar DealsDevelopment Site
Financed 04/01/2026
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,950,000.00
Monthly NOI$39,666.67
Monthly Debt Service$37,608.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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