Compass Commercial Mortgage, Inc. was selected as the exclusive commercial real estate finance consultant to Forte Properties, LLC related to the acquisition of three parcels of waterfront Intracoastal land containing approximately 2.15 Acres and located on the Palm Beach/Martin County line in Tequesta, Florida. The site is fully entitled for the development of 16 three-story, luxury townhomes, and 2 duplex units. The real estate is one of the last premiere sites across from Jupiter Island offering residents sweeping panoramic views of the Intracoastal Waterway.
On behalf of Forte, Compass undertook an effort to identify a well-capitalized private lender capable of providing the requested financing in the midst of the COVID-19 pandemic and able to meet the tight closing deadline. Compass approached a select limited pool of active and well-capitalized private lenders. Ultimately, Forte came to terms with EMCAP Lending, a subsidiary of the Procaccanti Companies. EMCAP Lending had the vision and capabilities to meet a tight time frame and closed the loan.
Forte Properties, LLC
Forte is a related entity of Alpha Blue Ventures, Inc. Alpha Blue Ventures specializes in the acquisition, development, and management of high-quality and unique real estate opportunities throughout New York and Southeast Florida.