Updated Jan 29, 2026
Humberto Ramirez Of Humberto Ramirez Developers Secures $7.95M Refinance Loan From Jose Godoy Of Vertix Group
9175 Arvida Drive
$7,950,000
Building Size
—
Asset Type
Development Site
Closing
Dec 18, 2025
About this deal
AI
The asset involved in this transaction is a development site located at 9175 Arvida Drive in Coral Gables. The property was financed through a refinance loan amounting to $7,950,000.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $7,950,000
- Lender: Jose Godoy - Vertix Group
- Landlord: Humberto Ramirez - Humberto Ramirez Developers
- Loan Type: Refinance
- Date of Transaction: 12/19/2025
Jose Godoy represented Vertix Group as the lender in this transaction while Humberto Ramirez represented his own development company, Humberto Ramirez Developers, as the landlord facilitating this loan arrangement.
On the Map
$7,950,000
Development Site
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Players
Coral Gables Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.00%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93