Updated Aug 11, 2025
Forman Capital Provides $9.7M Equity Investment To Unicorp National Developments For Multifamily Project
9743 Avalon Woods Road
$9,700,000
Units
323
Asset Type
Development Site
Closing
Jul 27, 2025
About this deal
AI
The asset involved in the transaction is a development site located at 9743 Avalon Woods Road in Winter Garden. The site is intended for a planned multifamily project consisting of 323 units, part of the Horizon West development in Orlando. The loan associated with this property is structured as a preferred equity investment totaling $9,700,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,700,000
- Lender: Brett Forman, Ben Jacobson, Scott Mehlman, and Ty Regnier - Forman Capital
- Landlord: Chuck Whittall - Unicorp National Developments
- Loan Type: Equity
- Closing Date: July 22, 2025
This transaction highlights a partnership between Forman Capital and Unicorp National Developments, focusing on high-growth markets that are supply-constrained. The collaboration aims to facilitate the development of the Elysian project, marked by strong investor interest and the potential for significant growth in the area.
On the Map
$9,700,000
Development Site
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Players
Winter Garden Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93