Bank OZK Provides $215M Construction Loan For The Ritz-Carlton Residences In Estero Bay | 5000 Coconut Road | Bank OZK | Jimmy Calvo, Brian Gaswirth, Paul Adams | Development Site | Loan

Summary

Loan

FLORIDA

Development Site

Bank OZK has provided a construction loan of $215,000,000 to London Bay for the development site located at 5000 Coconut Road in Estero Bay. The loan was arranged by JLL Capital Markets.

Summary of transaction details:

Property Type: Development Site
Loan Amount: $215,000,000
Loan Type: Construction Loan
Lender: Bank OZK
Landlord: London Bay
Landlord's Representative: Brian Gaswirth, Jimmy Calvo & Paul Adams - JLL

The Ritz-Carlton Residences, Estero Bay South Tower in Bonita Springs, Florida, will consist of 112 units. JLL Capital Markets played a key role in arranging the construction financing for this development.

Players

All
5

Agents
3
Agencies
1
Lenders
1

Jimmy Calvo

Capital Markets Associate

Details

Deal Summary

FINANCED

IMAGE: Brian Gaswirth, Jimmy Calvo & Paul Adams DATE: 12/22/2023 ADDRESS: 5000 Coconut Road MARKET: Estero Bay ASSET TYPE: Development Site LENDER: Bank OZK (@BankOZK) LANDLORD: London Bay LANDLORD'S REP: Brian Gaswirth (@BGassy), Jimmy Calvo (@JCalvo1993) & Paul Adams - JLL (@JLL) LOAN AMOUNT: $215,000,000 LOAN TYPE: Construction Loan NOTE FROM LANDLORD'S REP: JLL Capital Markets arranged the construction financing for the 112-unit The Ritz-Carlton Residences, Estero Bay South Tower in Bonita Springs, Florida.

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Address5000 Coconut Road

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