Albert Arisso & Frank Hermosa Of Vertix Group Provide $4.5M Acquisition Loan In Miami Beach
1840 Alton Road
Building Size
—
Asset Type
—
Closing
Sep 4, 2025
About this deal
AI
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.
On the Map
Players
Alton CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93