facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Development Site

/

Loan

/

12051 Southwest Tom Mackie ...

Updated Jun 29, 2026

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

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

12051 Southwest Tom Mackie Boulevard

$14,990,000

Building Size

—

Asset Type

Development Site

Closing

Jun 17, 2026

About this deal

AI

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:

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.

On the Map

Open live map

$14,990,000

Development Site

View full map

Players

Aj Felberbaum

BayBridge Real Estate Capital

Broker

$2.6B

vol

37 deals

Broker
Ben Jacobson

Ben Jacobson

Forman Capital

Originator

$287.9M

vol

10 deals

Originator
Bilt advertisement

Market Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Deal FAQ

Visit Jay Miller to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets