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114 Federal Highway

$108 Million Construction Loan Secured By Robert Vecsler And Partners For Boynton Beach Multifamily
FINANCEDMultiFamily

$108 Million Construction Loan Secured By Robert Vecsler And Partners For Boynton Beach Multifamily

114 Federal Highway

$108,000,000

$321/SF

Building Size

335,987 SF

Asset Type

MultiFamily

Closing

Feb 25, 2026

AI

The asset involved in this transaction is a multifamily property located at 114 Federal Highway, Boynton Beach, FL. This property encompasses 335,987 square feet and consists of 371 units. A construction loan was secured for this property in the amount of $108,000,000.

Summary of transaction details:

The transaction highlights key individuals such as Josh Zegen, who leads as the lender from Madison Realty Capital. The landlord representatives from Newmark include Jordan Roeschlaub, Nick Scribani, Holden Witkoff, and Adam Doneger, who played crucial roles in facilitating this deal while representing the interests of the landlords involved.

Players

Adam Doneger

Newmark

Broker

$50.6B

vol

194 deals

Broker
Josh Zegen

Josh Zegen

Madison Realty Capital

Lender

$6.5B

vol

50 deals

Lender
Madison Realty Capital
Madison Realty CapitalLender
Larry Silverstein

Larry Silverstein

Silverstein Properties

Landlord

$1.6B

vol

11 deals

Landlord

Boynton Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93