Frank Hermosa, Albert Arisso & Jose Godoy Of Vertix Group Provides $5.51M Loan For Industrial Acquisition In Miami
FINANCED
$5,505,000
Florida
See Similar DealsIndustrial44,216 SF
Financed 01/22/2025
FINANCED
Frank Hermosa, Albert Arisso & Jose Godoy Of Vertix Group Provides $5.51M Loan For Industrial Acquisition In Miami
21150 Southwest 167th Avenue
See Similar DealsIndustrial44,216 SF
Financed 01/22/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$124
Total Square Footage:44,216 SF
Transaction Type:Loan
The property asset involved in this transaction is an industrial asset located at 21150 Southwest 167th Avenue in the Miami market. The total square footage of the asset is 44,216 and it has an acquisition loan amounting to $5,505,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,505,000
- Loan Type: Acquisition
- Lender: Frank Hermosa, Albert Arisso & Jose Godoy - Vertix Group
The key individuals involved in this transaction are Frank Hermosa, Albert Arisso, and Jose Godoy, who represent Vertix Group as the lenders for the acquisition loan related to this property. Their roles were pivotal in facilitating this deal in the Miami market.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,505,000.00
Monthly NOI$36,700.00
Monthly Debt Service$34,795.34
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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