JLL Secures $65M Construction Loan For Hancock Bridge Square In Fort Myers

The property at 13370 North Cleveland Avenue in Fort Myers is a multifamily asset consisting of 320 units with a total square footage of 319,920. The loan amount for this transaction is $65,000,000, and it is a construction loan provided by Centerbridge Partners. The landlords of the property are Camilo Miguel Jr. and Jordan Kornberg of Mast Capital. Representing the landlords in this deal are Christopher Drew, Brian Gaswirth, and Paul Adams from JLL.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $65,000,000
• Units: 320
• Square Footage: 319,920
• Address: 13370 North Cleveland Avenue
• Market: Fort Myers
• Lender: Centerbridge Partners
• Landlord: Camilo Miguel Jr. & Jordan Kornberg - Mast Capital

JLL played a crucial role in securing the construction financing for Hancock Bridge Square, a 320-unit garden-style multi-housing property to be developed by Mast Capital. The individuals involved in this deal include Christopher Drew, Brian Gaswirth, and Paul Adams from JLL who represent the landlords, Camilo Miguel Jr. and Jordan Kornberg. This agreement signifies a significant development in the real estate market in Fort Myers.