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2601 Brantley Road

JLL Brokers Max La Cava, Pier Barinci & Abbie Kushner Secure $15.8M Construction Loan In Fort Pierce
FINANCEDMultiFamily

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

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.

Players

Max La Cava

JLL

Broker

$1.5B

vol

45 deals

Broker

Fort Pierce MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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