Albert Arisso & Frank Hermosa Of Vertix Group Lend $21.5M For Office And Land In Miami Beach And Fort Lauderdale

The property asset involved in this transaction encompasses office and land across multiple locations: 1234, 1260 Washington Avenue, 3100 Northeast 32nd Avenue, and 3051 Northeast 33rd Avenue, totaling a square footage of 106,154. The transaction was recorded in the Miami Beach and Fort Lauderdale markets, with a loan amount of $21,500,000 dedicated to acquisition purposes.

Summary of transaction details:

• Property Type: Office & Land
• Transaction Amount: $21,500,000
• Lender: Albert Arisso & Frank Hermosa - Vertix Group
• Landlord: Bradley Williams - Willstrat; Kash Patel & Andrew Beachler
• Broker: Wilson Alers - DWNTWN Realty Advisors
• Attorney: James Govin - Hermann & Govin

This transaction features prominent individuals and companies, including Albert Arisso and Frank Hermosa representing the lending entity, Vertix Group. The landlord group includes Bradley Williams from Willstrat alongside Kash Patel and Andrew Beachler. The transaction was facilitated by Wilson Alers of DWNTWN Realty Advisors, with legal representation by James Govin from Hermann & Govin.