$11,413,000 CubeSmart – Non-Recourse Construction Loan! – Pembroke Park, FL


Libor Floater

3 year term with 2 one year extension options

Non-Recourse Construction Loan



A ground up construction loan, non-recourse from the start.

Only a completion guarantee was required. Minimal risk as contractors are bonded.

Construction to start immediately, with completion within 14 months. Remainder of loan term to be for stabilization.

Closed by: Zach Nimhauser & Michael Brown

$38,800,000 Aura Seaside Apartments – Construction Loan – Lantana, FL


30 Day Libor + 2.50%

3 year term with 2 one year extension options

No prepayment penalty


Note, due to the loan size, two lenders teamed up to close this loan.

Property is located along the Intracoastal Waterway in Lantana, Palm Beach County, Florida

Closed by: Nico Pepia, Zach Nimhauser & Michael Brown

$2,200,000 Retail Strip Acquisition, Lake City, Florida

$2,200,000, acquisition

10 year fixed rate loan

3.95 % fixed

Prepayment Penalty: 3,2,1,0,0,0,0,0,0,0


Property includes Panera Bread & Matress1 One

Closed by Zach Nimhauser & Michael Brown




$1,332,500 19 Unit Apartment Property – Fort Lauderdale, FL


10 year fixed rate loan

3.90% fixed locked at application

25 year amortization

Limited Recourse (20%)

Prepayment Penalty: 3,2,2,0,0,0,0,0,0,0


A true 10 year fixed rate loan, no reset, non-securitized, bank portfolio loan.


Closed by: Brad Beattie