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Samy Cohen, Alberto Dichi, Alan Benenson, Bryan Cohen, Jonathan Cohen Landlords Secure $19.2M Construction Loan For 120 Unit Multifamily In Palm Bay

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FINANCED
$19,200,000
Max La Cava
Pier Barinci
BC
+ 1

Florida

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MultiFamily91,623 SF
Financed 02/12/2025
the dealplayerscompscontact
Property Image
FINANCED

Samy Cohen, Alberto Dichi, Alan Benenson, Bryan Cohen, Jonathan Cohen Landlords Secure $19.2M Construction Loan For 120 Unit Multifamily In Palm Bay

Sportsman Circle Northeast

See Similar Deals
MultiFamily91,623 SF
Financed 02/12/2025
Max La Cava
Pier Barinci
BC
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$209
Total Square Footage:91,623 SF
Transaction Type:Loan

The property asset involved is a multifamily development located at 1469-1499 Sportsman Lane Northeast in the Palm Bay market. This property comprises 120 units spread over a total area of 91,623 square feet. The transaction was secured through a construction loan amounting to $19,200,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $19,200,000
  • Address: 1469-1499 Sportsman Lane Northeast
  • Market: Palm Bay
  • Total Units: 120
  • Square Footage: 91,623
  • Landlords: Samy Cohen, Alberto Dichi, Alan Benenson, Bryan Cohen, Jonathan Cohen
  • Brokers: Max La Cava, Pier Barinci, Abbie Kushner - JLL
  • Loan Type: Construction

The deal features key individuals such as the landlords, Samy Cohen, Alberto Dichi, Alan Benenson, Bryan Cohen, and Jonathan Cohen, who are all involved in this transaction. The brokers representing the deal are Max La Cava, Pier Barinci, and Abbie Kushner from JLL, playing a critical role in facilitating this construction loan.

Players

Max La Cava
JLL
Max La Cava
44 deals$1.5B volume(917) 825-7346
BROKER
Pier Barinci
JLL
Pier Barinci
27 deals$728.2M volume
BROKER
Abbie Kushner
JLL
Abbie Kushner
13 deals$283.1M volume
BROKER
BC
Bryan Cohen
2 deals$25.1M volume
LANDLORD

Details

FINANCED
IMAGE: Jonathan Cohen, Alan Benenson, Byan Cohen, Samy Cohen, Alberto Dichi, Max La Cava & Pier Barinci DATE: 02/12/2025 ADDRESS: 1469-1499 Sportsman Lane Northeast MARKET: Palm Bay ASSET TYPE: Multifamily ~ UNITS: 120 ~ SF: 91,623 LANDLORD: Samy Cohen, Alberto Dichi, Alan Benenson, Bryan Cohen, Jonathan Cohen BROKERS: Max La Cava (@Max_La_Cava), Pier Barinci (@PierBarinci) & Abbie Kushner - JLL (@JLL) LOAN AMOUNT: $19,200,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$19,200,000.00

Monthly NOI$128,000.00
Monthly Debt Service$121,357.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00