S3 Capital Partners Provides $126M Construction Loan For Multifamily Development In Royal Palm Beach, FL
FINANCED
$126,000,000
California
See Similar DealsMultiFamily
Financed 03/06/2023
FINANCED
S3 Capital Partners Provides $126M Construction Loan For Multifamily Development In Royal Palm Beach, FL
Tuttle Boulevard At Southern Boulevard & Tuttle Boulevard At Southern Boulevard
See Similar DealsMultiFamily
Financed 03/06/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan
LYND Development has secured a construction loan of $126,000,000 for a multifamily property located at Tuttle Blvd At Southern Blvd in Royal Palm Beach, FL. The loan was provided by S3 Capital Partners, with Robert Schwartz and Steven Jemal representing the lender.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $126,000,000
- Unit Count: 401
- Address: Tuttle Blvd At Southern Blvd, Royal Palm Beach, FL
- Market: Royal Palm Beach, FL
David Lynd, representing LYND Development, acted as the landlord in this deal. The brokers involved in the transaction were Kevin O’Grady from Concord Summit Capital.
If you have any loan inquiries, please contact Steven Jemal at [email protected].
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$126,000,000.00
Monthly NOI$840,000.00
Monthly Debt Service$796,405.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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