Forman Capital Refinances Palm Beach Single Family Home For $9.75M Loan

The property at 130 Algoma Road in Palm Beach, a Single Family home spanning 6,288 square feet, was part of a recent transaction involving a loan amount of $9,750,000. The financing was a refinance type loan with a term of 1 year. The lending team consisted of Ben Jacobson, Scott Mehlman, and Ty Regnier of Forman Capital, with Lee Fensterstock as the developer.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $9,750,000
• Address: 130 Algoma Road
• Market: Palm Beach
• Loan Terms: 1 year
• Lender: Ben Jacobson, Scott Mehlman & Ty Regnier - Forman Capital
• Developer: Lee Fensterstock

The individuals involved in this transaction included Ben Jacobson, Scott Mehlman, Ty Regnier, and Lee Fensterstock. These key figures played integral roles in facilitating the refinancing of the property on Algoma Road.