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12450 Se Crystal Cove Pl

Updated Aug 29, 2025

Forte Development Secures $60 Million Construction Loan From Kriss Capital In Jupiter, FL
FINANCEDNote / Loan

Forte Development Secures $60 Million Construction Loan From Kriss Capital In Jupiter, FL

12450 Se Crystal Cove Pl

$60,000,000

Building Size

—

Asset Type

Note / Loan

Closing

Jul 29, 2025

About this deal

AI

This transaction involves a loan asset secured at 12450 SE Crystal Cove Pl, located in the Jupiter, FL market. The total loan amount is $60,000,000 and it is classified as a construction loan. The lender for this transaction is Kriss Capital, and the landlord is Forte Development.

Summary of transation details:

  • Property Type: Note / Loan
  • Transaction Amount: $60,000,000
  • Lender: Kriss Capital
  • Landlord: Forte Development
  • Landlord's Representative: Michael Horowitz - Cooper Horowitz
  • Loan Type: Construction
  • Date: 7/30/2025
  • Address: 12450 SE Crystal Cove Pl
  • Market: Jupiter, FL

The transaction features key individuals including Mark Luehring Jones, Jody Kriss, Harvey Lederman, and Nicholas Solomon, who are associated with this loan agreement and contribute to its execution and structure without overlapping roles previously discussed.

On the Map

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$60,000,000

Note / Loan

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Players

Michael Horowitz

Cooper Horowitz

Broker

$1.2B

vol

26 deals

Broker
Cooper Horowitz
Cooper HorowitzBrokerage
Kriss Capital
Kriss CapitalOriginator
Kriss Capital
Kriss CapitalOriginator
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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.26%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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