Updated Aug 31, 2026
Tyko Capital Provides $322 Million Loan For Safe Harbor Rybovich Marina Development In West Palm Beach
4200 North Flagler Drive
$322,000,000
Building Size
—
Asset Type
Development Site
Closing
Aug 31, 2026
About this deal
AI
The asset involved is a development site located at 4200 North Flagler Drive in West Palm Beach, FL. The transaction is centered around an acquisition and construction loan amounting to $322 million. The property spans 15 acres, situated within a prime waterfront area.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $322,000,000
- Lender: Adi Chugh - TYKO Capital
- Landlord: Paulo Tavares de Melo, Nelson Stabile & Victor Ballestas - Integra Investments
- Loan Type: Acquisition & Construction
Adi Chugh of TYKO Capital facilitated the financing for Integra Investments, which consists of Paulo Tavares de Melo, Nelson Stabile, and Victor Ballestas. Integra recently acquired the marina from the Huizenga family and has plans for further development, although specific project details have not been disclosed.
On the Map
$322,000,000
Development Site
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93