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JLL Secures $36.6 Million Construction Loan For Industrial Project In West Palm Beach And Doral

Property Image
FINANCED
$36,600,000
Max La Cava
Pier Barinci
+ 2

Florida

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Industrial75,733 SF
Financed 10/06/2025
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Property Image
FINANCED

JLL Secures $36.6 Million Construction Loan For Industrial Project In West Palm Beach And Doral

884 South Congress Avenue

See Similar Deals
Industrial75,733 SF
Financed 10/06/2025
Max La Cava
Pier Barinci
+ 2
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$483
Total Square Footage:75,733 SF
Transaction Type:Loan

The transaction involves an industrial asset located at 884 South Congress Avenue & 5990 NW 102nd Avenue, situated in the West Palm Beach & Doral markets. The total square footage of the property is 128,822 and it secured a construction loan with a mid-construction refinance totaling $36,600,000.

Summary of transaction details:

The deal features a team of brokers from JLL, specifically Pier Barinci, Jimmy Calvo, Max La Cava, Abbie Kushner, and Michael Romero, who played a critical role in facilitating the transaction. Each of these brokers contributed their expertise to navigate the complexities of this loan agreement.

Players

Max La Cava
44 deals$1.5B volume(917) 825-7346
BROKER

Jimmy Calvo
JLL
16 deals$3B volume
BROKER

Pier Barinci
JLL
27 deals$728.2M volume
BROKER

Abbie Kushner
JLL
13 deals$283.1M volume
BROKER

Michael Romero
JLL
8 deals$269.6M volume(786) 251-6511
BROKER

Details

FINANCED
IMAGE: Max La Cava, Michael Romero, Pier Barinci, Abbie Kushner & Jimmy Calvo DATE: 10/06/2025 ADDRESS: 884 South Congress Avenue & 5990 NW 102nd Avenue MARKET: West Palm Beach & Doral ASSET TYPE: Industrial ~ SF: 128,822 BROKERS: Pier Barinci (@PierBarinci), Jimmy Calvo (@JCalvo1993), Max La Cava (@Max_La_Cava), Abbie Kushner & Michael Romero - JLL (@JLL) LOAN AMOUNT: $36,600,000 LOAN TYPE: Construction loan & mid construction refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$36,600,000.00

Monthly NOI$244,000.00
Monthly Debt Service$231,336.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00