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4280 Hypoluxo Road

$12.6 Million Construction Loan Secured For 40 Townhomes At 4280 Hypoluxo Road In Palm Beach
FINANCEDMultiFamily

$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

Max La Cava

JLL

Broker

$1.5B

vol

44 deals

Broker
JLL
JLLBrokerage

Boynton Beach 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

1.26%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93