Updated Sep 14, 2026
U.S. Construction Secures $44.7M Loan For Development Site In Delray Beach
1625 South Ocean Boulevard, Delray Beach, FL, USA
$44,700,000
$16,183/SF
Building Size
2,762 SF
Asset Type
Development Site
Closing
Aug 3, 2020
About this deal
AI
U.S. Construction, represented by John Farina, has secured a loan of $44,700,000 from Madison Realty Capital for a development site located at 1625 South Ocean Boulevard in Delray Beach. This development site spans across 1.17 acres in size and is situated in the Delray Beach market.
Summary of transaction details:
- Property Type: Development Site
- Address: 1625 South Ocean Boulevard, Delray Beach
- Market: Delray Beach
- Loan Amount: $44,700,000
- Lender: Madison Realty Capital
- Landlord: U.S. Construction - John Farina
- Broker: Jason Krane - Ackman Ziff
Jason Krane from Ackman Ziff represented U.S. Construction in securing the loan from Madison Realty Capital for this development site in Delray Beach.
On the Map
$44,700,000
$16,183/SF
Development Site
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Delray Beach Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93