Bruce Gago - FCP Invests $11.1M In Preferred Equity For 1000 Jacaranda Development Site In Venice, FL

FCP® has invested $11.1 million in preferred equity through its Structured Investments platform for the development of 1000 Jacaranda, a 216-unit multifamily project in Venice, FL, in collaboration with Middle Street Partners.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,100,000
• Lender: Bruce Gago - FCP
• Landlord: Ryan Knapp - Middle Street Partners
• Loan Type: Equity

Bruce Gago, leading FCP's Florida office, highlighted the investment's affirmation of their expansion strategy in high-growth locations with strong sponsors.