Forté Development has secured a $60 million construction loan for Forté Luxe, a new luxury boutique waterfront community in Jupiter. The financing deal closed July 29, while vertical construction is underway on the project, which should be done by next summer.
“This financing marks an important milestone as Forté Luxe advances into the next phase of construction,” said Marius Fortelni, founder and CEO of Forté Development. “We are building something truly unique on the Intracoastal Waterway, and we are grateful to have the support of our financial partners who understand and believe in the vision.”
Kriss Capital provided the loan, arranged by Michael Horowitz, Jordan Horowitz and David Horowitz of Cooper Horowitz on behalf of Forté Development as it builds the 17 multi-level residences on a private peninsula surrounded on three sides by the Intracoastal Waterway at 12450 Crystal Cove Place in Jupiter.
“We are pleased to provide $60 million in construction financing for Forté Luxe,” said Jody Kriss, founder of Kriss Capital. “The project’s exceptional waterfront location, strong pre-sales and experienced development team instill full confidence in its success and its positive contribution to the Jupiter, Florida, community. Kriss Capital is committed to supporting Forté Luxe until its completion.”…