Forman Capital Issues $20 Million Construction Loan For Development Site In Robertsdale, AL

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.