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Jeff Rosenfeld & Sean Robertson Of North River Partners Provide $22.5M Construction Loan For Lake Worth Beach Multifamily

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FINANCED
$22,500,000

Florida

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MultiFamily
Financed 06/26/2025
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Property Image
FINANCED

Jeff Rosenfeld & Sean Robertson Of North River Partners Provide $22.5M Construction Loan For Lake Worth Beach Multifamily

922 North G Street

See Similar Deals
MultiFamily
Financed 06/26/2025
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

The property involved in this transaction is a multifamily asset located at 922 North G Street in Lake Worth Beach. A construction loan amounting to $22,500,000 was secured for this property, facilitated by North River Partners and AB CarVal.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $22,500,000
  • Lender: Jeff Rosenfeld & Sean Robertson – North River Partners and AB CarVal
  • Landlord: OAG Developer & T&G Constructors
  • Loan Type: Construction

In this transaction, Jeff Rosenfeld and Sean Robertson represented the lending entities, playing a crucial role in securing the financing for the property. The involvement of OAG Developer and T&G Constructors indicates their commitment to developing the multifamily asset outlined in the deal.

Players

LENDER


Details

FINANCED
IMAGE: Sean Robertson & Jeff Rosenfeld DATE: 06/26/2025 ADDRESS: 922 North G Street MARKET: Lake Worth Beach ASSET TYPE: Multifamily LENDER: Jeff Rosenfeld & Sean Robertson – North River Partners and AB CarVal LANDLORD: OAG Developer & T&G Constructors LOAN AMOUNT: $22,500,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$22,500,000.00

Monthly NOI$150,000.00
Monthly Debt Service$142,215.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00