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Flatiron Realty Capital Provides $5,654,085 Loan For Development Site In Delray Beach

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FINANCED
$5,654,085

Florida

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Development Site
Financed 04/14/2026
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Property Image
FINANCED

Flatiron Realty Capital Provides $5,654,085 Loan For Development Site In Delray Beach

Development Site
Financed 04/14/2026
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Loan

The asset involved in this transaction is a development site for three luxury townhomes located in Delray Beach, Florida. The property is being financed through an 18-month Ground-Up Construction loan provided by Flatiron Realty Capital. The total loan amount secured for this project is $5,654,085.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $5,654,085
  • Lender: Sep Talas, Esq. & Robert Talas
  • Lender's Agency: Flatiron Realty Capital
  • Loan Type: Purchase
  • Loan Terms: 18 Month Ground Up Construction Loan

The deal involves an experienced builder in the South Florida market who acquired the land shovel ready. This collaboration with Flatiron Realty Capital enables the borrower to efficiently transition from closing to breaking ground, emphasizing a quick execution with in-house underwriting and a streamlined draw process to maintain construction timelines.

Players

Flatiron Realty Capital
Flatiron Realty Capital
LENDER
Flatiron Realty Capital
Flatiron Realty Capital
LENDER
Flatiron Realty Capital
Flatiron Realty Capital
LENDER

Details

FINANCED
IMAGE: Sep Talas, Esq. & Robert Talas DATE: 04/14/2026 MARKET: Delray Beach ASSET TYPE: Development Site LENDER: Sep Talas, Esq. (@BankAttorney) & Robert Talas (@BobbyTalas) - Flatiron Realty Capital (@FlatironRealtyCapital) LOAN AMOUNT: $5,654,085 LOAN TYPE: Purchase LOAN TERMS: 18 Month Ground Up Construction Loan NOTE: Flatiron Realty Capital has just closed an 18-month Ground-Up Construction loan for three luxury townhomes in Delray Beach, Florida, further expanding on our $500M+ mandate in the South Florida market. The borrower, an experienced builder in the area, acquired the land shovel ready and was seeking a financing partner who could move quickly and structure around both the acquisition and complete development. Flatiron provided the capital needed for the borrower to transition from closing to breaking ground without delay. With in-house underwriting and a draw process built for execution, our platform ensured certainty at closing and the speed required to keep construction on schedule. If you or your clients are looking to break ground on a new build, refinance mid-construction, or secure capital under tight timelines, reach out to Sep Talas, Esq. to help bring your project to life (516) 712-7583 [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,654,085.00

Monthly NOI$37,693.90
Monthly Debt Service$35,737.66
Change in Cash Flow$0.00
Refinance Proceeds$0.00