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4595 Coconut Lane

JLL Secures $26.65 Million Construction Loan For 38 Home Community In Boynton Beach
FINANCEDMultiFamily

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

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.

Players

Max La Cava

JLL

Broker

$1.5B

vol

45 deals

Broker
JLL
JLLBrokerage

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

0.98%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93