Brora Capital Provides $14.5M Loan For Mixed-Use Project By Compson Associates In Boca Raton
123 East Palmetto Park Road
$14,500,000
Building Size
—
Asset Type
Mixed-use
Closing
May 12, 2025
About this deal
AI
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.
On the Map
$14,500,000
Mixed-use
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Players
Boca Raton Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93