Brett Forman, Ben Jacobson, Ty Regier, Scott Mehlman & Cameron Fluery Lend $113.6M For Naples Development Site
FINANCED
$113,604,228
+ 2
Florida
See Similar DealsDevelopment Site7 SF
Financed 11/08/2024
FINANCED
Brett Forman, Ben Jacobson, Ty Regier, Scott Mehlman & Cameron Fluery Lend $113.6M For Naples Development Site
1925 Metropolitan Blvd
See Similar DealsDevelopment Site7 SF
Financed 11/08/2024
+ 2
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$16,229,175
Total Square Footage:7 SF
Transaction Type:Loan
The asset involved in the transaction is a development site located at 1925 Metropolitan Boulevard in Naples. The site has a building square footage of 143,976. The total loan amount for this development project is $113,604,228, with the loan specifically classified as a construction loan.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $113,604,228
- Address: 1925 Metropolitan Boulevard
- Market: Naples
- Asset Type: Development Site
- Building Square Footage: 143,976
- Lender: Brett Forman, Ben Jacobson, Ty Regier, Scott Mehlman & Cameron Fluery - Forman Capital
- Developers: Fred Pezeshkan & Jerry Starkey
The key individuals involved in the transaction include Brett Forman, Ben Jacobson, Ty Regier, Scott Mehlman, and Cameron Fluery, who represent Forman Capital as the lenders. Fred Pezeshkan and Jerry Starkey are the developers responsible for this project.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$113,604,228.00
Monthly NOI$757,361.52
Monthly Debt Service$718,056.00
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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