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Sam Beznos Of Beztak Secures $75 Million Loan From PNC Bank For Senior Living Community In Delray Beach
FINANCED
$75,000,000
Florida
See Similar DealsDevelopment Site
Financed 02/17/2026
FINANCED
Sam Beznos Of Beztak Secures $75 Million Loan From PNC Bank For Senior Living Community In Delray Beach
15650 Lyons Road
See Similar DealsDevelopment Site
Financed 02/17/2026
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
The property asset is a development site located at 15650 Lyons Road in Delray Beach, encompassing 7.65 acres. The loan for the development received is $75 million, intended for the construction of a senior living community featuring independent and assisted living units along with amenities such as a pool, fitness center, and theater. The anticipated completion date for this facility is in the first quarter of 2028.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $75,000,000
- Lender: PNC Bank
- Landlord: Sam Beznos - Beztak
- Date of Transaction: 02/17/2026
Sam Beznos represents Beztak in the arrangement of the construction loan from PNC Bank, facilitating the development of the senior living community on the site. This project marks a significant step forward in addressing senior living needs in the Delray Beach area.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$75,000,000.00
Monthly NOI$500,000.00
Monthly Debt Service$474,051.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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