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Forman Capital Issues $20 Million Construction Loan For Development Site In Robertsdale, AL
FINANCED
$20,000,000
+ 2
Alabama
See Similar DealsDevelopment Site
Financed 08/08/2025
FINANCED
Forman Capital Issues $20 Million Construction Loan For Development Site In Robertsdale, AL
27801 County Road 64
See Similar DealsDevelopment Site
Financed 08/08/2025
+ 2
Summary
ALABAMA
Asset Type:Development Site
Transaction Type:Loan
The asset involved in this transaction is a development site located at 27801 County Road 64 in Robertsdale, AL. This site is being redeveloped into a 51-acre TA Travel Center, with a loan amount of $20,000,000 secured for construction purposes.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $20,000,000
- Lender: Forman Capital
- Loan Type: Construction
- Address: 27801 County Road 64
- Market: Robertsdale, AL
The transaction involves key individuals from Forman Capital, including brokers Ben Jacobson, Scott Mehlman, Ty Regnier, and Cameron Fleury. They represented the lender in securing the funding for the redevelopment project undertaken by LV Petroleum.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,000,000.00
Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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