Updated Jul 8, 2025
JLL Secures $26.65 Million Construction Loan For 38 Home Community In Boynton Beach
4595 Coconut Lane
$16,200,000
$151/SF
Building Size
106,900 SF
Asset Type
MultiFamily
Closing
Jun 12, 2025
About this deal
AI
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.
On the Map
$16,200,000
$151/SF
MultiFamily
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Players
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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93