Updated Dec 18, 2025
Marty Caparros Jr. & Alexander Ruiz Secure $11.5M Loan From Mint12 Income 3 LLC For Development Site
4260 Davie Road
$11,500,000
Building Size
—
Asset Type
Development Site
Closing
Dec 17, 2025
About this deal
AI
The property involved in the transaction is a 0.89-acre development site located at 4260 Davie Road in Davie, which will feature 48 workforce apartments and 5,208 square feet of retail space across two buildings. The site is being developed into a mixed-use apartment project known as Main Street Place.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $11,500,000
- Lender: Mint12 Income 3 LLC
- Landlord: Marty Caparros Jr. & Alexander Ruiz - Prestige Builders
- Loan Type: Construction
- Market: Davie
Key individuals involved in this transaction include Marty Caparros Jr. and Alexander Ruiz, who represent Prestige Builders as landlords for the project. Construction is scheduled to commence in January 2026, marking a significant development initiative in downtown Davie.
On the Map
$11,500,000
Development Site
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93