Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Development Site
- Transaction Amount: $160,000,000
- Market: Juno Beach
- Lender: Bsafal Inc
- Landlord: Larry Krueger & Jim Letchinger - JDL Corp & Wanxiang America Real Estate
- Brokers: Matthew Lawton, Brian Gaswirth, Paul Adams & Shane Ciacci - JLL
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.
On the Map
$160,000,000
$536/SF
Development Site
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Players
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