Flatiron Realty Capital Closes $6,500,000 Construction Loan For 17-Townhome Development In St. Petersburg

A development site located in St. Petersburg, Florida, is the focal point of this transaction. Flatiron Realty Capital has provided financing for a 17-townhome development, securing a construction loan. The loan amount totals $6,500,000 with terms set for 18 months, aimed at supporting the ongoing construction progress of the project.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $6,500,000
• Loan Type: Construction
• Loan Terms: 18-Month Mid Construction Loan
• Lender: Robert Talas & David Meytin - Flatiron Realty Capital
• Location: St. Petersburg, Florida

Robert Talas and David Meytin, representing Flatiron Realty Capital, played pivotal roles in facilitating this financing arrangement. The company utilized its in-house underwriting and servicing platform to develop a customized financing solution, ensuring alignment with the project's current status and financial needs.