Updated Nov 7, 2025
Mona Carlton, Josh Odessky & Michael Romero Of JLL Represent Landlord In $77.5M Multifamily Loan
11200 Rca Center Drive
$77,500,000
Units
302
Asset Type
MultiFamily
Closing
Oct 30, 2025
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $77,500,000
- Loan Type: Construction
- Market: Palm Beach Gardens
- Asset Units: 302
- Landlord's Representative: Mona Carlton, Josh Odessky & Michael Romero - JLL
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.
On the Map
$77,500,000
MultiFamily
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Players
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