Nexos Invest Secures $7 Million Bridge Loan For Development Site On 4th Avenue North
4th Avenue North
$7,000,000
Building Size
—
Asset Type
Development Site
Closing
Feb 27, 2026
AI
The asset involved in this transaction is a development site located at 4th Avenue North in St. Petersburg. The loan amount secured for this property is $7,000,000, classified as a bridge loan.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $7,000,000
- Lender: Nexos Invest
- Date of Transaction: 02/28/2026
- Lender's Representatives: Gaston Schneider & Mauricio Ordoñez - Q Kapital Group; Carlos Vázquez - Nexos Invest
This deal involves key individuals from Nexos Invest and Q Kapital Group, highlighting the collaborative efforts between the lenders' representatives in securing financing for the development site. Gaston Schneider and Mauricio Ordoñez are both associated with Q Kapital Group, while Carlos Vázquez represents Nexos Invest in this transaction.
Players
Saint Petersburg 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93