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Scott Maslin's Woodglen Investments Secures $23M Loan For Kirksey Commons In West Palm Beach

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FINANCED
$23,000,000

Florida

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Development Site
Financed 08/25/2025
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FINANCED

Scott Maslin's Woodglen Investments Secures $23M Loan For Kirksey Commons In West Palm Beach

1501 Dixie Highway

See Similar Deals
Development Site
Financed 08/25/2025
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Loan

The property asset involved in the transaction is a development site located at 1501 North Dixie Highway in West Palm Beach. The site is designated for the construction of a self-storage project known as Kirksey Commons, which will comprise 788 units. The loan provided for this development is $23,000,000, which is categorized as a construction loan.

Summary of transaction details:

This deal involves multiple key individuals and companies playing significant roles in the transaction. Trisha Connolly Horowitz from Catal Group serves as the lender facilitating the construction financing. Scott Maslin represents the landlord Woodglen Investments, while the financing arrangement was coordinated by brokers Dylan Kane and Zach Redding from Colliers.

Players

Dylan Kane
58 deals$2.9B volume(516) 965-7860
BROKER

Zach Redding
Colliers
54 deals$1.8B volume(570) 574-9015
BROKER

Catal Group
LENDER

Scott Maslin
Woodglen Investments
4 deals$43.1M volume
LANDLORD

Details

FINANCED
IMAGE: Zach Redding, Dylan Kane, Trisha Connolly Horowitz & Scott Maslin DATE: 08/25/2025 ADDRESS: 1501 North Dixie Highway MARKET: West Palm Beach ASSET TYPE: Development Site LENDER: Trisha Connolly Horowitz - Catal Group LANDLORD: Scott Maslin - Woodglen Investments BROKERS: Dylan Kane (@DylanKane1) & Zach Redding (@ZRedds) - Colliers (@ColliersInternational) LOAN AMOUNT: $23,000,000 LOAN TYPE: Construction NOTE: Woodglen Investments landed a $23M construction loan from Catal Group to build the 788-unit Kirksey Commons self-storage project in West Palm Beach. Colliers’ Dylan Kane and Zach Redding arranged the financing, with completion slated for late 2026.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$23,000,000.00

Monthly NOI$153,333.33
Monthly Debt Service$145,375.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00