Our relationship doesn’t end the day documents get signed. Whether negotiating with a third-party lender, ensuring adequate reserves for construction and interest, or assisting with take-out financing or equity raises, we are your advocate throughout the process.
Private Capital for Multifamily Vertical Construction in Fort Myers
Property Type: Multifamily LTC: 64.79% of ARV LTC: 74.10%
Neighborhood:
This Breezewood neighborhood development is minutes from downtown Fort Myers and the well-known Fort Myers Midtown project, which will feature a 243-acre mixed-used town center once completed. The neighborhood is bounded by the Caloosahatchee River to the north, I-75 to the east, Colonial Blvd to the south, and Caloosahatchee River to the west.In addition to being on the Lee Tran Bus Route, this project is less than 15 minutes from I-75, 0.4 miles to one of Fort Myers’ leading local hospitals, LeeHealth, and a block from the main artery thoroughfare Fowler, which leads directly to downtown. Within an 11 mile proximity, residents will have access to the IMAG History & Science Center, Edison and Ford Winter Estates, and Calusa Nature Center & Planetarium.
Lee County, Florida, is described as a coastal community, where tourism is a major economic driver, and the population continues to grow. Major attractions/destinations include coastal beaches, golf, boating, fishing, shopping, museums, theaters, and other area attractions.
Fort Myers is a vibrant city located on the Caloosahatchee River, about 12 miles upriver from the Gulf of Mexico. The city’s location gives a unique waterfront feel with amenities for full-time residents, part-timers, and vacationers.
Contact Jacob Wigle today to get started on your next multifamily investment project.
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Highest Degree of LeverageWe loan against the completed value of your project, with no loan-to-cost requirements. As a result, we can provide more funding for your project than a bank can and that means more flexibility for you.
Speed / ConvenienceWe can close as quickly as 5 days, and draws are wired within one to two business days after inspection approval. Banks can take months to review a typical real estate project. In that time, our clients’ projects are already underway and on the way to realizing profits.
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Unmatched Industry ExpertiseWe’ve closed approximately $2 billion in project capital over more than 1000 loans (and counting). Our level of construction market intelligence is second to none.
In-House Manual UnderwritingWe evaluate every deal on its own merits and are faster and more flexible in the evaluation process than traditional financing such as banks. You’ll typically get feedback within the same day of your request and a term sheet within as little as 24 to 48 hours.