Albert Arisso & Frank Hermosa Of Vertix Group Provide $20.5M Bridge Loan In Coral Gables
760 Ponce De Leon Boulevard
$20,500,000
$1,188/SF
Building Size
17,245 SF
Asset Type
Office
Closing
Sep 21, 2026
About this deal
AI
The asset involved in this transaction is a land parcel located at 760 Ponce De Leon Boulevard in the Coral Gables market. The square footage of the land is 17,245 and it has been financed through a bridge loan amounting to $20,500,000.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $20,500,000
- Address: 760 Ponce De Leon Boulevard
- Market: Coral Gables
- Lender: Albert Arisso & Frank Hermosa - Vertix Group
- Borrower: Pedro Camejo & Joel Campo
- Loan Type: Bridge
The transaction involves key individuals Albert Arisso and Frank Hermosa representing the lender Vertix Group, while Pedro Camejo and Joel Campo are identified as the borrowers in this deal.
On the Map
$20,500,000
$1,188/SF
Office
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Players
Coral Gables Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93