Forest Development Group LLC Secures $269M Construction Loan For Mixed-Use Property In Lake Park
220 Lake Shore Drive, Lake Park, Florida 33403, United States
$269,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Jun 30, 2022
About this deal
AI
Forest Development Group LLC has secured a $269 million construction loan for a mixed-use property located at 220 Lake Shore Drive in the Lake Park market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $269,000,000
Concord Summit Capital acted as the broker in this transaction.
The mixed use loan at 220 Lake Shore Drive, Lake Park, Florida 33403, United States in West Palm Beach, Florida financed for $269M in 2022. 220 Lake Shore Drive, Lake Park, Florida 33403, United States is classified as Mixed Use on Traded. This page is the West Palm Beach, Florida file for the 220 Lake Shore Drive, Lake Park, Florida 33403, United States mixed use financed: pricing, party profiles, and other closed mixed use comps from the same West Palm Beach sit in the Market section below. Filter that West Palm Beach mixed use set by closing date to see what else financed near 220 Lake Shore Drive, Lake Park, Florida 33403, United States around 2022. Published consideration for 220 Lake Shore Drive, Lake Park, Florida 33403, United States is $269M, dated 2022. Cite this Forest Development Group LLC Secures $269M Construction Loan For Mixed-Use Property In Lake Park loan when underwriting similar mixed use product around West Palm Beach, Florida.
Players
West Palm Beach Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93