Forum Capital Advisors Provides $26M Preferred Equity For Fort Myers Development Site

Forum Capital Advisors has closed a $26 million preferred equity investment for the development of Tailor Apartments, a 384-unit multifamily project in Fort Myers, Florida. The project, led by an experienced sponsor, will offer a range of floor plans, resort-style amenities, and convenient access to downtown Fort Myers and major commuter routes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $26,000,000
• Lender: Forum Capital Advisors LLC - Ross Macdonald

Ross Macdonald from Forum Capital Advisors LLC played a key role in securing the $26 million preferred equity investment for the development of Tailor Apartments. The project's location in Fort Myers provides proximate access to I-75 and Highway 82, enhancing its appeal to potential residents. The experienced sponsor behind the project ensures that the development will meet high standards and offer a desirable living experience.