Forman Capital is providing a $9.3 million first mortgage to Forté Properties, LLC and Forté 5, LLC for the development of Forté Luxe in Jupiter, FL. Located on a peninsula along the Intracoastal Waterway, this boutique residential project will feature 17 luxury townhomes ranging from 3,500- to 5,000-square-feet with amenities such as a resort style pool and boat slips accommodating vessels up to 60 feet long.
Scott Mehlman – Forman Capital’s Chief Investment Officer – commented: “The property is one of the more unique assets in Florida given its location on an Intracoastal peninsula just north of desirable Jupiter Inlet. There’s an evident shortage of both boat slips and ultra-luxury waterfront residences in this area; thus we believe that Forté Luxe will offer privacy as well as unparalleled waterfront living that meets all expectations.”
Led by principals Brett Forman and Ben Jacobson , Forman Capital currently has over $650 million worth projects under their pipeline .
