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11326 Polo Park Trail Trl

Updated Aug 31, 2026

Joe Farrell & Riley Corcoran Of Farrell Companies Obtain $49M Construction Loan For Wellington Home
FINANCEDMultiFamily

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:

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

Brian Gaswirth

JLL

Broker

$6.4B

vol

47 deals

Broker
Adam Glick

Adam Glick

Maxim Capital Group

Landlord

$1.2B

vol

31 deals

Landlord

Joe Farrell

Farrell Companies

Tenant

$104.5M

vol

2 deals

Tenant

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

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