1515 E Lake Push in Fort Lauderdale with Builders Money ceo Robert Trent (Google Maps, Builders Capital)
The CEO of Builders Capital, a Seattle-based mostly business that delivers funding to one-relatives homebuilders, bought a waterfront Fort Lauderdale spec mansion for $17 million.
Documents clearly show Robert and Dana Trent bought the household at 1515 East Lake Travel from an LLC named for the deal with, managed by John Extended and Richard Cole of Virginia. Prolonged is the owner of JD Long Masonry, and Cole is the company’s vice president.
Robert Trent founded SDC Residences in 2007, and it turned one of the premier homebuilders in Washington ahead of Denver-dependent Richmond American Households obtained it in 2011, the Seattle Times claimed. He was promoted to CEO from COO of Builders Capital in 2019, in accordance to a push launch.
The Trents financed their invest in with a $12.8 million mortgage loan from JPMorgan Chase Lender, records show.
Josh Dotoli of Compass brought the purchasers, and Layda Soledy Lara of Fidelity True Estate represented the sellers in the deal. Neither agent responded to requests for remark.
Documents demonstrate Extended and Cole acquired the residence for $3.2 million in early 2020, just just before pandemic shutdowns and spikes in the South Florida luxury sector. The spec mansion they developed on the .4-acre large amount spans 10,500 sq. toes, with seven bedrooms, 9 whole bathrooms and two fifty percent-loos, in accordance to the listing. The assets includes an eight-vehicle garage, an elevator, and docking ability for a 90-foot yacht.
According to Realtor.com, the home was shown for $15.9 million in April 2020, just two months right after Extended and Cole purchased the home. It stated for just shy of $20 million in Might of final yr.
The mansion is in the Harbor Seashore community, and faces Lake Sylvia, a person of the most in-demand waterfront spots in Fort Lauderdale.
A California restaurateur purchased a mansion fronting Lake Sylvia, up the street on East Lake Push for $13 million in July, $5.5 million far more than it marketed for the 12 months prior.
Waterfront Fort Lauderdale houses have frequently damaged records for Broward County. This summer season, a waterfront estate established a countywide value history when it offered for $28.5 million, only to be outdone when a waterfront spec mansion offered for $32.5 million just one thirty day period later.
