Updated Apr 1, 2025
JLL Brokers Max La Cava, Pier Barinci & Abbie Kushner Secure $15.8M Construction Loan In Fort Pierce
2601 Brantley Road
$15,800,000
$294/SF
Building Size
53,579 SF
Asset Type
MultiFamily
Closing
Feb 25, 2025
About this deal
AI
The property asset involved in this transaction is a Build-to-Rent development located at 2601 Brantley Road in Fort Pierce. The development consists of 78 units and has a total square footage of 53,579. A construction loan amounting to $15,800,000 has been secured for this project.
Summary of transaction details:
- Property Type: Build-to-Rent
- Transaction Amount: $15,800,000
- Units: 78
- Square Footage: 53,579
- Address: 2601 Brantley Road
- Market: Fort Pierce
- Loan Type: Construction
The individuals involved in this transaction include brokers Max La Cava, Pier Barinci, and Abbie Kushner, who are all affiliated with JLL, representing the interests of the parties in this deal.
On the Map
$15,800,000
$294/SF
MultiFamily
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Players
Fort Pierce 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
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93