Updated Jul 30, 2026
Larry Baum Of Stellar Communities Secures $46.8 Million Construction Loan For BTR At 3795 Flypark Drive
3795 Flypark Drive
$46,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 6, 2026
About this deal
AI
The property involved in this transaction is located at 3795 Flypark Drive in the Rockledge market. It is categorized as a Build-to-Rent (BTR) asset. The loan amount for this project is $46,800,000, which is designated for construction purposes.
Summary of transaction details:
- Property Type: Build-to-Rent
- Transaction Amount: $46,800,000
- Landlord: Larry Baum - Stellar Communities
- Broker: Max La Cava, Pier Barinci, Alex Riva & Luke Maganas - JLL
- Loan Type: Construction
The transaction involves significant stakeholders with Larry Baum representing Stellar Communities as the landlord. The brokerage team includes Max La Cava, Pier Barinci, Alex Riva, and Luke Maganas from JLL, who are responsible for facilitating this deal.
On the Map
$46,800,000
MultiFamily
View full map
Players
Rockledge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Rockledge multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93