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Forman Capital Provides $53.69 Million in Financing for New Hollywood, Florida Apartment Development

Summary by Citybiz
Borrower to build 251 units between I-95 and Downtown Forman Capital, a leading private direct real estate lender, provided a $53.69 million loan to finance a new mid-rise apartment community in Hollywood, Florida. The borrower, Coral Gables-based Calta Group, is planning to build 251 units over two phases starting later this year. The loan helps pay for development-related costs and construction. Scott Mehlman and Ty Regnier represented Forman …
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Forman Capital Provides $53.7M Construction Loan for Multifamily Project in Hollywood, Florida

HOLLYWOOD, FLA. — Forman Capital has provided a $53.7 million construction loan for Caltopia, a new multifamily development in the South Florida city of Hollywood. The developer and borrower, Coral Gables, Fla.-based Calta Group, is developing the 251-unit community in two phases. Phase I will feature 100 units averaging 751 square feet in size, and Phase II will span 151 units averaging 740 square feet in size. Units will come in studio, one- a…

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Forman Capital Provides $53.69 Million in Financing for New Hollywood, Florida Apartment Development

Borrower to build 251 units between I-95 and Downtown Forman Capital, a leading private direct real estate lender, provided a $53.69 million loan to finance a new mid-rise apartment community in Hollywood, Florida. The borrower, Coral Gables-based Calta Group, is planning to build 251 units over two phases starting later this year. The loan helps pay for development-related costs and construction. Scott Mehlman and Ty Regnier represented Forman …

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citybiz broke the news in on Monday, February 10, 2025.
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