Marius Fortelni lands $60M loan for Jupiter townhouse project
Marius Fortelni’s Forté Development landed a $60 million construction loan for his planned waterfront townhouse project in Jupiter. Kriss Capital, a New York-based lender helmed by Jody Kriss, is providing the loan, according to a press release. Michael, Jordan and David Horowitz of Cooper Horowitz brokered the loan. The 17-unit Forté Luxe, which is planned for 12450 Crystal Cove Place, received $47.5 million in construction financing from Andrew Waldman’s 360 Capital Funding last summer. The Kriss Capital loan replaces the 360 Capital loan, a spokesperson confirmed. Units in the project will range from 3,600 square feet to 5,100 square feet. […]This article originally appeared on The Real Deal. Click here to read the full story.
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