$12.6 Million Construction Loan Secured For 40 Townhomes At 4280 Hypoluxo Road In Palm Beach
4280 Hypoluxo Road
$12,600,000
$196/SF
Building Size
64,000 SF
Asset Type
MultiFamily
Closing
Jun 5, 2025
AI
The property involved in the transaction is located at 4280 Hypoluxo Road in Palm Beach. It consists of for-sale townhomes, totaling 40 units with an overall square footage of 64,000. The transaction includes a construction loan amounting to $12,600,000.
Summary of transation details:
- Property Type: For-Sale Townhomes
- Transaction Amount: $12,600,000
- Address: 4280 Hypoluxo Road
- Market: Palm Beach
- Units: 40
- Square Footage: 64,000
- Loan Type: Construction
The key individuals involved in the transaction include Max La Cava, Pier Barinci, Abbie Kushner, Tom Gilliland, and Michael Romero, all representing JLL as brokers in this deal.
Players
Boynton Beach 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
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93