Updated Aug 31, 2026
Joe Farrell & Riley Corcoran Of Farrell Companies Obtain $49M Construction Loan For Wellington Home
11326 Polo Park Trail Trl
$49,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 14, 2026
About this deal
AI
The asset involved in this transaction is a single-family home located at 11326 Polo Park Trail Trl in Wellington. The transaction is a construction loan with a total amount of $49,000,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $49,000,000
- Borrower: Joe Farrell & Riley Corcoran - Farrell Companies
- Brokers: Max La Cava, Brian Gaswirth & Pier Barinci - JLL
- Loan Type: Construction
The key individuals involved in this loan transaction include Joe Farrell and Riley Corcoran, who represent the borrowing entity, Farrell Companies. The brokerage team facilitating this deal comprises Max La Cava, Brian Gaswirth, and Pier Barinci, all affiliated with JLL.
Players
West Palm 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93