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11200 Rca Center Drive

Mona Carlton, Josh Odessky & Michael Romero Of JLL Represent Landlord In $77.5M Multifamily Loan
FINANCEDMultiFamily

Mona Carlton, Josh Odessky & Michael Romero Of JLL Represent Landlord In $77.5M Multifamily Loan

11200 Rca Center Drive

$77,500,000

Building Size

Asset Type

MultiFamily

Closing

Oct 30, 2025

AI

The property involved in this transaction is a multifamily asset located at 11200 Rca Center Drive in Palm Beach Gardens, consisting of 302 units. The loan amount secured for this asset is $77,500,000, which is designated for construction purposes.

Summary of transaction details:

This transaction involved key representatives from JLL, namely Mona Carlton, Josh Odessky, and Michael Romero, who acted on behalf of the landlord throughout the process, facilitating the construction loan for the multifamily asset.

Players

Mona Carlton

JLL

Broker

$412.5M

vol

10 deals

Broker

Palm Beach Gardens 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

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93