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Forman Capital Funds Loan for Townhome Development on Intracoastal Waterway
Forman Capital is providing a $9.3 million first mortgage to Forté Properties, LLC and Forté 5, LLC to develop Forté Luxe in Jupiter, FL. The boutique residential project is on a peninsula on the Intracoastal Waterway.
Most of the 17 residences will be 3,500- to 5,000-square-foot luxury townhomes. Planned amenities include a resort-style pool and boat slips for up to 60-foot vessels.
“The property is one of the more unique assets in the state, being a peninsula in the Intracoastal and just north of the highly desirable Jupiter Inlet,” said Scott Mehlman, Forman Capital’s chief investment officer. “There is a demonstrable shortage of both boat slips and ultra-luxury waterfront residences in the area. Forté Luxe will offer, privacy and the pinnacle of waterfront living that checks all the boxes.”
Led by principals Brett Forman and Ben Jacobson, Forman Capital currently has over $650 million in its pipeline.
- ◦Development

