$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:
- Property Type: Multifamily
- Transaction Amount: $108,000,000
- Asset Square Footage: 335,987
- Units: 371
- Lender: Josh Zegen - Madison Realty Capital
- Landlords: Robert Vecsler - Hyperion, David Winter - Winter Properties & Larry Silverstein - Silverstein Properties
- Landlord's Representatives: Jordan Roeschlaub, Nick Scribani, Holden Witkoff & Adam Doneger - Newmark
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
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