BTH Development Partners Secures $14,990,000 Construction Loan For Development Site In Port St. Lucie

The property asset involved in this transaction is a development site located at 12051 Southwest Tom Mackie Boulevard in Port St. Lucie. The asset is designated for industrial use and encompasses an area of 26.66 acres. The loan amount associated with this property is $14,990,000, which is classified as a construction loan.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $14,990,000
• Market: Port St. Lucie
• Asset Type: Industrial
• Acres: 26.66
• Lender: Forman Capital
• Developer: BTH Development Partners
• Brokers: Jay Miller & AJ Felberbaum - BayBridge Real Estate Capital
• Originators: Ty Regnier, Scott Mehlman, Brett Forman, Ben Jacobson & Mike Rediker - Forman Capital

This transaction involved key individuals and companies, with Jay Miller and AJ Felberbaum representing the brokers from BayBridge Real Estate Capital. The loan was facilitated by a team of originators from Forman Capital, which included Ty Regnier, Scott Mehlman, Brett Forman, Ben Jacobson, and Mike Rediker.