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Albert Arisso & Frank Hermosa Of Vertix Group Provide $4.5M Acquisition Loan In Miami Beach

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FINANCED
Robert Kaplan
Mark Rutherford
+ 1

Illinois

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Financed 09/04/2025
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Property Image
FINANCED

Albert Arisso & Frank Hermosa Of Vertix Group Provide $4.5M Acquisition Loan In Miami Beach

1840 Alton Road

See Similar Deals
Financed 09/04/2025
Robert Kaplan
Mark Rutherford
+ 1
Contact now

Summary

ILLINOIS
Transaction Type:Loan

The asset involved in this transaction is a development site located at 1840 Alton Road in the Miami Beach market. The loan amount for the acquisition of this property is $4,500,000.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $4,500,000
  • Lender: Albert Arisso & Frank Hermosa - Vertix Group
  • Landlord: David Aaron & Richard Kilstock - 1840 Alton Partners LLC
  • Brokers: Mark Rutherford & Robert Kaplan - Cushman & Wakefield
  • Loan Type: Acquisition

The deal involves key individuals and companies including lenders Albert Arisso and Frank Hermosa from Vertix Group, who facilitated the funding, as well as landlords David Aaron and Richard Kilstock representing 1840 Alton Partners LLC. Brokers Mark Rutherford and Robert Kaplan from Cushman & Wakefield handled the brokerage aspects of the transaction.

Players

Robert Kaplan
6 deals$461.9M volume
BROKER

Mark Rutherford
Cushman & Wakefield
5 deals$184.4M volume
BROKER

Cushman & Wakefield
BROKERAGE

Albert Arisso
Vertix Group
10 deals$134.9M volume
LENDER

Frank Hermosa
Vertix Group
9 deals$120.2M volume
LENDER

Details

FINANCED
IMAGE: Mark Rutherford, Richard Kilstock, Frank Hermosa, David Aaron, Albert Arisso & Robert Kaplan DATE: 09/04/2025 ADDRESS: 1840 Alton Road MARKET: Miami Beach ASSET TYPE: Development Site LENDER: Albert Arisso & Frank Hermosa - Vertix Group (@VertixGroup) LANDLORD: David Aaron & Richard Kilstock - 1840 Alton Partners LLC BROKERS: Mark Rutherford & Robert Kaplan - Cushman & Wakefield (@CushWake) LOAN AMOUNT: $4,500,000 LOAN TYPE: Acquisition

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Debt Service Coverage Ratio (DSCR)

0.00x

Max Loan Amount

$0.00

Monthly NOI$0.00
Monthly Debt Service$0.00
Change in Cash Flow$0.00
Refinance Proceeds$0.00