Related Group Provides $93M Construction Loan For Multifamily Property In Naples

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.