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
West Palm Beach Note / Loan Market Snapshot
Boundary boundary · Note / Loan · Loan transactions
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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