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. Situated 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 resort-style pool and boat slips for up to 60 foot vessels.
Scott Mehlman – Forman Capital’s Chief Investment Officer – commented that “the property is one of the more unique assets in Florida due its location on an Intracoastal peninsula just north of Jupiter Inlet.” He further noted that there is an evident shortage of both boat slips and ultra luxury waterfront residences in the area making it ideal for those seeking privacy while enjoying “the pinnacle of waterfront living”.
Led by principals Brett Forman and Ben Jacobson , Forman Capital currently has over $650 million worth projects under their pipeline.
