Related Group Provides $93M Construction Loan For Multifamily Property In Naples
FINANCED
$93,000,000
Florida
See Similar DealsMultiFamily442,403 SF
Financed 03/08/2024
FINANCED
Related Group Provides $93M Construction Loan For Multifamily Property In Naples
MultiFamily442,403 SF
Financed 03/08/2024
Summary
Asset Type:MultiFamily
Price Per Square Foot:$210
Total Square Footage:442,403 SF
Transaction Type:Loan
The multifamily property in Naples, FL encompassed 303 units within 442,403 square feet. The asset was part of a transaction involving a $93,000,000 construction loan facilitated by Related Group. The Latigo Group served as the landlord, with JLL's Bercut Smith acting as the broker.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $93,000,000
- Units: 303
- Square Footage: 442,403
- Market: Naples, FL
- Lender: Related Group
- Landlord: The Latigo Group
- Broker: Bercut Smith - JLL
- Loan Type: Construction Loan
The collaboration for this transaction involved key individuals including Bercut Smith from JLL, representing the parties in the deal, demonstrating a strategic alignment between the various entities. The involvement of Related Group in financing and The Latigo Group as the property owner further highlights the significance of this construction loan deal in the multifamily market of Naples, FL.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$93,000,000.00
Monthly NOI$620,000.00
Monthly Debt Service$587,823.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions