Jerry Falwell Jr.

Liberty University president Jerry Falwell Jr. speaks during the 45th commencement ceremony on Saturday May 19, 2018, in Lynchburg, Va.

MIAMI — Jerry Falwell Jr. has settled a federal lawsuit involving a Florida real estate venture.

The Miami Herald reports that Falwell has agreed to pay Gordon Bello an undisclosed amount of money.

Falwell is the president of Liberty University. Bello is an attorney and legislative aide for the Miami-Dade County Commission.

Bello sued in 2017, claiming he was promised a stake in a South Beach hostel that Falwell purchased in 2013 for $4.7 million. Bello claims he and his father, Miami builder Jett Bello, pitched Falwell on the hostel idea after being introduced by a high school friend of the younger Bello.

Falwell denies promising Gordon Bello anything. Falwell's lawyers noted Bello never filed any emails, texts or documents suggesting a deal existed.

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