Company linked to Sergio Ramon Argüelles Gutierrez bought this beachfront Texas condo in 2016 from company linked to his son

Aerial view of 8500 Padre Boulevard in South Padre Island, Texas 78597 (Imagery available from the U.S. Geological Survey).

A company linked to Sergio Arguelles Gonzalez sold its beachfront Texas condo to a company linked to his father, Sergio Ramon Arguelles Gutierrez in 2016.

Sergio Arguelles Gonzalez, Trustee of the S&P Arguelles-Montemayor Trust, in turn the manager of S&P Foreign Assets LLC, signed a special warranty deed whereby Unit 202 at 8500 South Padre Boulevard in South Padre Island, Texas was sold from S&P South Padre Island, LLC, a Series of Assets of S&P Foreign Assets, LLC (itself a Texas series limited liability company) to a separate Texas limited liability company named S&P Foreign Assets South Padre LLC on July 1, 2016. The purchase price was not disclosed on the deed.

Sergio Ramon Argüelles Gutierrez, as the sole manager of S&P Foreign Assets South Padre Island, LLC, signed a deed of trust dated October 26, 2016 granting the condo unit as collateral for a $500,000 loan from the International Bank of Commerce.

Signature of Sergio Ramon Arguelles Gutierrez on the deed of trust.

The condo was valued at $666,150 for 2018 tax purposes.

Sergio Ramon Argüelles Gutierrez founded FINSA and is the father of Sergio Argüelles González, who has served as the President and CEO of FINSA since 2001.

FINSA is one of the largest industrial real estate development companies in Latin America, with 25 million square feet leased and under management.

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ChedrauiLeaks.org has noticed that the media in Mexico contains very little information about the business dealings and personal assets in the United States of what could be termed Mexican elites, wealthy business people and politicians. ChedrauiLeaks is not stating that members of the Chedraui family or its businesses had any involvement with the above companies or this condo unit.

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