Updated Sep 23, 2026
Michael Horowitz & Jordan Horowitz Of Cooper Horowitz Secures $12 Million Construction Loan For 24-Unit Multifamily In Jensen Beach
$12,000,000
Units
24
Asset Type
MultiFamily
Closing
Sep 18, 2026
About this deal
AI
The property asset involved in this transaction is a 24-unit multifamily building located in Jensen Beach. A loan amount of $12,000,000 was secured for construction purposes, facilitating the development of this multifamily asset in the market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,000,000
- Loan Type: Construction
- Market: Jensen Beach
- Units: 24
The key individuals involved in the transaction are Michael Horowitz and Jordan Horowitz, representing the brokerage firm Cooper Horowitz. They acted on behalf of the parties in the deal, ensuring the transaction was facilitated effectively within the multifamily property market.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93