Updated Aug 27, 2026
Steve Bruno Of Calibrex Developments Secures $70 Million Loan For Build-to-Rent In Ocala
6280 Southwest 59th Street
$48,363,000
Building Size
—
Asset Type
Development Site
Closing
Jun 27, 2026
About this deal
AI
The property involved in this transaction is a build-to-rent asset located at 6280 Southwest 59th Street in Ocala. The financing for this property includes a joint venture equity and construction loan amounting to $70,000,000.
Summary of transaction details:
- Property Type: Build-to-Rent
- Transaction Amount: $70,000,000
- Address: 6280 Southwest 59th Street
- Market: Ocala
- Landlord: Steve Bruno - Calibrex Developments
- Brokers: Max La Cava, Pier Barinci & Chris Drew - JLL
- Loan Type: JV Equity & Construction Loan
This transaction involves key individuals including landlord Steve Bruno from Calibrex Developments, who holds the property, and brokers Max La Cava, Pier Barinci, and Chris Drew from JLL, who represent the parties in this deal.
Players
Market Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93