Forman Capital Provides $38.5M Construction Loan For Development Site Acquisition In Miramar Beach, Florida | 556 Seascape Drive | Forman Capital | Development Site | Loan

Summary

Loan

FLORIDA

Development Site

11 sqft

Located in Miramar Beach, Florida, the development site at 556 Seascape Drive has recently been involved in a closed loan transaction. This property spans over 11.89 acres and is situated in a desirable market.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $38,504,278
Address: 556 Seascape Drive, Miramar Beach, Florida
Market: Miramar Beach, Florida

The loan for this transaction was provided by Forman Capital, represented by Ben Jacobson, Brett Forman, Scott Mehlman, and Hellois Scheeres. Mark Osborn and Buster Osborn served as the borrowers. The loan type was a construction loan.

Players

All
1

Lenders
1

Forman Capital

Details

Deal Summary

FINANCED

IMAGE: Scott Mehlman, Ben Jacobson, Brett Forman & Hellois Scheeres DATE: 11/03/2023 ADDRESS: 556 Seascape Drive MARKET: Miramar Beach, Florida ASSET TYPE: Development Site ~ ACRES: 11.89 LENDER: Forman Capital (@FormanCapital) - Ben Jacobson (@BenjaminJacobsonfl), Brett Forman (@BrettdForman), Scott Mehlman (@ScottMehlman) & Hellois Scheeres (@HelloisScheeres) BORROWER: Mark Osborn & Buster Osborn LOAN AMOUNT: $38,504,278 LOAN TYPE: Construction Loan

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Address556 Seascape Drive

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