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1011 Us Route 1

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

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

1011 Us Route 1

$160,000,000

$536/SF

Building Size

298,040 SF

Asset Type

Development Site

Closing

Mar 1, 2024

AI

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

JLL

Broker

$6.3B

vol

45 deals

Broker
Bsafal
BsafalLender

North Palm Beach 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

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93