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$60 Million Construction Lo...

$60 Million Construction Loan Secured For 17-Unit Multifamily Asset In Tequesta By Cooper Horowitz
FINANCEDMultiFamily

$60 Million Construction Loan Secured For 17-Unit Multifamily Asset In Tequesta By Cooper Horowitz

$60,000,000

Building Size

Asset Type

MultiFamily

Closing

Jul 28, 2025

AI

The asset involved in this transaction is a multifamily property located in Tequesta, comprising 17 units. The loan amount for this construction project is $60,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $60,000,000
  • Market: Tequesta
  • Units: 17
  • Loan Type: Construction

The key individuals involved in the transaction are Michael Horowitz, Jordan Horowitz, and David Horowitz, all representing Cooper Horowitz in this deal.

Players

Michael Horowitz

Cooper Horowitz

Broker

$1.1B

vol

25 deals

Broker
Cooper Horowitz
Cooper HorowitzBrokerage

Jupiter 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

0.26%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93