Albert Arisso & Frank Hermosa Of Vertix Group Provide $17.23M Bridge Loan For West Miami Hotel
FINANCED
$17,225,000
Florida
See Similar DealsHotel342,824 SF
Financed 12/11/2024
FINANCED
Albert Arisso & Frank Hermosa Of Vertix Group Provide $17.23M Bridge Loan For West Miami Hotel
6024 Southwest 8th Street
See Similar DealsHotel342,824 SF
Financed 12/11/2024
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$50
Total Square Footage:342,824 SF
Transaction Type:Loan
The property involved in this transaction is a hotel located at 6024 Southwest 8th Street in West Miami, with a total square footage of 342,824. The loan amount secured for this asset is $17,225,000, and it is categorized as a bridge loan.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $17,225,000
- Address: 6024 Southwest 8th Street
- Market: West Miami
- Asset Type Square Footage: 342,824
- Lender: Albert Arisso & Frank Hermosa - Vertix Group
- Brokers: Christian Arrabal - Advise CRE; Marcos Minaya - The Naya Group
- Loan Type: Bridge
The deal was facilitated by Albert Arisso and Frank Hermosa from Vertix Group, who acted as the lenders in this transaction. The brokers representing the deal were Christian Arrabal from Advise CRE and Marcos Minaya from The Naya Group, providing their expertise in the negotiation process.
Players
BROKERAGE
LENDER
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$17,225,000.00
Monthly NOI$114,833.33
Monthly Debt Service$108,873.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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