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Brora Capital Provides $14.5M Loan For Mixed-Use Project By Compson Associates In Boca Raton

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FINANCED
$14,500,000

Florida

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Mixed-use
Financed 05/12/2025
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FINANCED

Brora Capital Provides $14.5M Loan For Mixed-Use Project By Compson Associates In Boca Raton

123 East Palmetto Park Road

See Similar Deals
Mixed-use
Financed 05/12/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Mixed-use
Transaction Type:Loan

The asset involved is a mixed-use property located at 123 East Palmetto Park Road in Boca Raton. The property is part of a project known as Aletto at Sanborn Square, which is currently under construction.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $14,500,000
  • Lender: Ignacio Diaz & Jose Padua - Brora Capital
  • Landlord: Carl Klepper & Bobby D’Angelo - Compson Associates
  • Loan Type: Construction

Brora Capital, a newly launched lending platform co-founded by Ignacio Diaz and Jose Padua, focuses on short-term real estate financing across Florida. The loan closed specifically for the Compson Associates project emphasizes the company's aim to support construction initiatives in the area.

Players

BC
Brora Capital
BROKERAGE
BC
Brora Capital
LENDER
BC
Brora Capital
LENDER
CA
Compson Associates
LANDLORD
CA
Compson Associates
LANDLORD

Details

FINANCED
IMAGE: Carl Klepper & Bobby D’Angelo DATE: 05/12/2025 ADDRESS: 123 East Palmetto Park Road MARKET: Boca Raton ASSET TYPE: Mixed-use LENDER: Ignacio Diaz & Jose Padua - Brora Capital LANDLORD: Carl Klepper & Bobby D’Angelo - Compson Associates (@Compson_Associatesinc) LOAN AMOUNT: $14,500,000 LOAN TYPE: Construction NOTE: Brora Capital closed a $14.5M bridge-to-construction loan for Aletto at Sanborn Square, a mixed-use project in downtown Boca Raton by Compson Associates. The newly launched lending platform, co-founded by Group P6 affiliates Ignacio Diaz and Jose Padua, focuses on short-term real estate financing across Florida.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$14,500,000.00

Monthly NOI$96,666.67
Monthly Debt Service$91,649.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00