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JLL Brokers Secure $160M Construction Loan For Development Site In Juno Beach

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FINANCED
$160,000,000
Brian Gaswirth
Shane Ciacci
+ 1

Florida

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Development Site298,040 SF
Financed 03/01/2024
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FINANCED

JLL Brokers Secure $160M Construction Loan For Development Site In Juno Beach

1011 Us Route 1

See Similar Deals
Development Site298,040 SF
Financed 03/01/2024
Brian Gaswirth
Shane Ciacci
+ 1
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$536
Total Square Footage:298,040 SF
Transaction Type:Loan

The Development Site located at 1011 Us Route 1 in Juno Beach spans a total of 298,040 square feet. The property, owned by Larry Krueger and Jim Letchinger of JDL Corp & Wanxiang America Real Estate, was financed through a $160,000,000 Construction Loan provided by bsafal-inc-abedfa69-ad4a-440d-9359-9d3a8a80fd3d-duplicate''>Bsafal Inc.

Summary of transaction details:

The key individuals involved in the deal include Jim Letchinger, Larry Krueger, Brian Gaswirth, Matthew Lawton, Paul Adams, and Shane Ciacci. These individuals played vital roles in facilitating the transaction, representing their respective companies and ensuring the successful structuring of the $160,000,000 Construction Loan for the Development Site in Juno Beach.

Players

Brian Gaswirth
45 deals$6.3B volume(305) 421-6554
BROKER

Matthew Lawton
JLL
13 deals$1.5B volume
BROKER

Shane Ciacci
JLL
10 deals$920.8M volume
BROKER

Paul Adams
JLL
16 deals$2.6B volume(786) 532-2355
BROKER

Bsafal
LENDER

Details

FINANCED
IMAGE: Jim Letchinger, Larry Krueger, Brian Gaswirth, Matthew Lawton, Paul Adams & Shane Ciacci DATE: 03/01/2024 ADDRESS: 1011 Us Route 1 MARKET: Juno Beach ASSET TYPE: Development Site ~ SF: 298,040 LENDER: Bsafal Inc LANDLORD: Larry Krueger & Jim Letchinger - JDL Corp & Wanxiang America Real Estate BROKERS: Matthew Lawton, Brian Gaswirth (@BGassy), Paul Adams & Shane Ciacci - JLL (@JLL) LOAN AMOUNT: $160,000,000 LOAN TYPE: Construction Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$160,000,000.00

Monthly NOI$1,066,666.67
Monthly Debt Service$1,011,308.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00