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1202 Breakers West Boulevard

Gustavo Cepeda Secures $1.83M Bridge Loan From Off Market Funding For 1202 Breakers West Boulevard
FINANCEDNote / Loan

Gustavo Cepeda Secures $1.83M Bridge Loan From Off Market Funding For 1202 Breakers West Boulevard

1202 Breakers West Boulevard

$1,826,820

$456/SF

Building Size

4,001 SF

Asset Type

Note / Loan

Closing

Oct 20, 2025

AI

The property involved in this transaction is a loan for a note asset type with a total loan amount of $1,826,820. The asset has a square footage of 4,001 and is located at 1202 Breakers West Boulevard in West Palm Beach. This loan falls under the bridge category and has a term of 12 months.

Summary of transaction details:

  • Property Type: Note / Loan
  • Transaction Amount: $1,826,820
  • Loan Type: Bridge
  • Loan Terms: 12 months
  • Address: 1202 Breakers West Boulevard
  • Market: West Palm Beach
  • Lender: Off Market Funding
  • Landlord: Gustavo Cepeda
  • Lender's Representative: Luigi Ferrer
  • Landlord's Representative: Gustavo Cepeda - Highlight Realty

This transaction features key individuals such as Luigi Ferrer representing Off Market Funding, and Gustavo Cepeda representing both himself and Highlight Realty in the role of landlord representative. Their involvement is essential in facilitating this loan arrangement for the property.

Players

Luigi Ferrer

Broker

$7.9M

vol

5 deals

Broker
Luigi Ferrer

Luigi Ferrer

Lender

$7.9M

vol

5 deals

Lender
Gustavo Cepeda

Gustavo Cepeda

Landlord

$1.8M

vol

1 deal

Landlord

West Palm Beach Note / Loan Market Snapshot

Boundary boundary · Note / Loan · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.68%

Cash-on-Cash

-2.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93