Updated Aug 11, 2025
Forman Capital Issues $20 Million Construction Loan For Development Site In Robertsdale, AL
27801 County Road 64
$20,000,000
Building Size
—
Asset Type
Development Site
Closing
Aug 8, 2025
About this deal
AI
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.
On the Map
$20,000,000
Development Site
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Players
Robertsdale Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93