Updated Sep 1, 2026
Farrell Companies Secures $49 Million Construction Loan From Maxim Capital Group For Development Site
11150 Polo Club Road
$49,000,000
Building Size
—
Asset Type
Development Site
Closing
Aug 14, 2026
About this deal
AI
The asset involved in this transaction is a development site located at 11150 Polo Club Road in Wellington. The loan specifically amounts to $49,000,000 and is categorized as a construction loan.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $49,000,000
- Lender: Maxim Capital Group
- Borrower: Farrell Companies
- Broker: Max La Cava - JLL
- Originators: Josh Greene, Joey Dinetz & Adam Glick - Maxim Capital Group
- Date: 08/14/2026
The key individuals involved in this deal include Max La Cava representing JLL, while the lending team consists of Josh Greene, Joey Dinetz, and Adam Glick, all from Maxim Capital Group. Each played a crucial role in facilitating this construction loan for the borrower, Farrell Companies.
On the Map
$49,000,000
Development Site
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Players
Wellington 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93