JLL Secures $26.65 Million Construction Loan For 38 Home Community In Boynton Beach
FINANCED
Florida
See Similar DealsMultiFamily106,900 SF
Financed 06/13/2025
FINANCED
JLL Secures $26.65 Million Construction Loan For 38 Home Community In Boynton Beach
4595 Coconut Lane
See Similar DealsMultiFamily106,900 SF
Financed 06/13/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$151
Total Square Footage:106,900 SF
Transaction Type:Loan
The property involved in this transaction is a for-sale single-family home community located at 4595 Coconut Lane in Boynton Beach. This community comprises 38 units and covers a total square footage of 106,900. The construction loan amount secured for this asset is $26,650,000.
Summary of transaction details:
- Property Type: For-Sale Single-Family Home Community
- Transaction Amount: $26,650,000
- Units: 38
- Square Footage: 106,900
- Address: 4595 Coconut Lane
- Market: Boynton Beach
- Loan Type: Construction
The deal involved several key individuals representing the transaction. The brokers facilitating this transaction are Max La Cava, Pier Barinci, Jade Starkey, and Abbie Kushner, all associated with JLL.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,200,000.00
Monthly NOI$108,000.00
Monthly Debt Service$102,395.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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