Forman Capital

Forman Capital Funds $54.56 Million Construction Loan for Condominium-Hotel Development in Miami’s Financial District

8:00 am on April 9, 2024 By Oscar Nunez

Forman Capital, a private direct real estate lender based in Palm Beach County, Florida, provided a $54.56 million construction loan to the developer of a condominium-hotel project in Miami’s Brickell Financial District. The 12-story, 172-unit Domus Brickell Park, designed by Zyscovich Architects with Urban Robot Associates as the interior designer, will bring a new condo-hotel brand, Domus FLATS (Flexible Apartments for Temporary Stays), to the market and fill a void for flexible ownership product.

North Development Secures $70 Million Construction Loan, Breaks Ground On Domus Brickell Park

8:00 am on March 22, 2024 By Oscar Nunez

North Development has begun construction on Domus Brickell Park, a new addition to Miami’s Brickell Financial District known for facilitating short-term rentals. The project, a collaborative venture between Oak Capital’s Ricardo Dunin and Peru’s Edifica led by Juan Carlos Tassara, secured a $70 million construction loan from Forman Capital and Core Capital. Designed by Zyscovich Architects with interiors by Urban Robot Associates and construction by Thornton Construction Company, Inc., the 12-story, 172-unit development at 1611 Southwest 2nd Avenue has achieved over 50% sales and is anticipated for completion next winter.

Forman Capital Provides $9.3 Million Development Loan To Forté Luxe in Jupiter, Florida

8:00 am on July 12, 2023 By Oscar Nunez

Forman Capital, a private direct real estate lender based in Palm Beach County, Florida, has invested substantially in Forté Luxe, an upscale boutique residential project developed by Forté Development and designed by Alfonso Jurado Architecture. Located at 12450 Crystal Cove Place on a picturesque peninsula along Jupiter’s Intracoastal Waterway, the development comprises 17 residences featuring interiors by The Decorators Unlimited, including luxurious townhomes ranging from approximately 3,500 to 5,000 square feet. The development boasts a wide range of exceptional amenities, including a resort-style swimming pool and boat slip accommodating vessels up to 60 feet, providing an unmatched lifestyle for waterfront enthusiasts. KAST Construction is the general contractor.

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