Development Partners International Secures $113.6 Million Construction Loan For Multifamily Asset In Naples

The asset is a multifamily property located at 1925 Metropolitan Blvd in Naples, featuring 146,179 square feet and comprising 56 units. The loan amount secured for this construction project is $113,604,228, facilitated by Forman Capital.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $113,604,228
• Address: 1925 Metropolitan Blvd
• Market: Naples
• Asset Size: 146,179 SF
• Units: 56
• Lender: Brett Forman, Ben Jacobson, Ty Regnier & Scott Mehlman - Forman Capital
• Landlord: Jerry Starkey & Fred Pezeshkan - Development Partners International
• Brokers: Jeffrey Donnelly & Dmitry Levkov - Colliers
• Loan Type: Construction

The key individuals involved in this transaction include the landlords, Jerry Starkey and Fred Pezeshkan from Development Partners International, alongside brokers Jeffrey Donnelly and Dmitry Levkov from Colliers. The financing was managed by Brett Forman, Ben Jacobson, Ty Regnier, and Scott Mehlman, showcasing a collaborative partnership in the execution of this substantial loan deal.