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Olde Naples Luxury Redevelopment - Client Referral Opportunity 1 min read

Olde Naples Luxury Redevelopment - Client Referral Opportunity

Quick note — I’m helping a client in Olde Naples redevelop then sell an already-acquired lake-view property into a ~5,000 SF luxury home just a few blocks from the beach.  They’re looking to replace an existing loan in December (about $2.7M) before lining up a construction facility

By Edward Sapp

Quick note — I’m helping a client in Olde Naples redevelop then sell an already-acquired lake-view property into a ~5,000 SF luxury home just a few blocks from the beach. 

549 7th Ave N

They’re looking to replace an existing loan in December (about $2.7M) before lining up a construction facility early next year, and it could fit either an equity or debt investor depending on preference.

The project pencils to roughly 20% net IRR / 1.4x multiple over 28 months on a base case / conservative underwriting.

Do you happen to know anyone who does this kind of coastal redevelopment capital — either equity groups or lenders?

Below is the full deck if it’s relevant — just making introductions, no brokerage involved.