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1121 Gulf Shore Boulevard N...

Updated Sep 15, 2026

Bilt advertisement
Brian Van Slyke And Isaac Toledano Secure $197 Million Construction Loan For Naples Development Site
FINANCEDDevelopment Site

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:

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

Kolter Urban

Broker

$4M

vol

1 deal

Broker
BDT & MSD Partners
BDT & MSD PartnersLender

Isaac Toledano

BH Group

Landlord

$1.6B

vol

29 deals

Landlord

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

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