Black Mountain Capital Provides $17 Million Construction Loan For Naples Florida Waterfront Residence

This transaction involves a construction loan for a luxury waterfront single-family residence located in Naples, Florida's Port Royal community. The asset encompasses approximately 10,000 square feet and is expected to have an estimated market value of over $30 million upon completion.

Summary of transaction details:

• Property Type: SFR
• Transaction Amount: $17,000,000
• Loan Type: Construction
• Loan Terms: 2 years
• Lender: Black Mountain Capital - Alex Elezaj
• Loan to Cost: 80%

Black Mountain Capital played a crucial role in facilitating the financing essential for this development, characterized by a partnership approach with a focus on high-quality execution. The firm's ability to provide creative underwriting structures across various asset classes showcases their expertise in handling complex financing needs, ensuring the project's success with a dedicated team.