Updated Sep 15, 2026
Brian Van Slyke And Isaac Toledano Secure $197 Million Construction Loan For Naples Development Site
1121 Gulf Shore Boulevard North
$197,000,000
Building Size
—
Asset Type
Development Site
Closing
Sep 4, 2026
About this deal
AI
The property asset involved in this transaction is a development site located at 1121 Gulf Shore Boulevard North in Naples. The loan provided for this asset amounts to $197,000,000 for construction purposes.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $197,000,000
- Lender: Affiliates of Apollo Global Management, Inc. & affiliates of BDT & MSD Partners
- Borrower: Brian Van Slyke - Kolter Urban; Isaac Toledano - BH Group
- Landlord's Representative: Kolter Urban
- Loan Type: Construction
This transaction involves key individuals including Brian Van Slyke representing Kolter Urban and Isaac Toledano representing BH Group, showcasing the collaboration between these parties for the development site. The deal is supported by lenders from Apollo Global Management and BDT & MSD Partners, highlighting the involvement of prominent financial institutions in this construction financing.
Players
Naples 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93