facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Development Site

/

Loan

/

6280 Southwest 59th Street

Updated Aug 27, 2026

Steve Bruno Of Calibrex Developments Secures $70 Million Loan For Build-to-Rent In Ocala
FINANCEDDevelopment Site

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.

On the Map

Open live map

$48,363,000

Development Site

View full map

Players

Max La Cava

JLL

Broker

$1.8B

vol

51 deals

Broker
Steve Bruno

Steve Bruno

Calibrex Developments

Landlord

$48.4M

vol

1 deal

Landlord
Bilt advertisement

Market Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Deal FAQ

Visit Max La Cava to view all their deals.

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

More Deals

Nearby Markets