Kriss Capital Secures $100 Million Construction Loan For Alina Phase Two In Boca Raton

The property involved in this transaction is a condominium located at 220 SE Mizner Blvd in Boca Raton, FL. It has a total area of approximately 571,500 square feet and consists of 182 units. The transaction took place on 08/30/2022.

Summary of Transaction Details

• Property Type: Condo
• Transaction Amount: $100,000,000
• Loan Type: Construction
• Loan Provider: Kriss Capital - Jody Kriss, Mark Luehring-Jones & Harvey M. Lederman
• Landlord: Elad Group - Yitzhak Tshuva

This loan was provided by Kriss Capital, with Jody Kriss, Mark Luehring-Jones, and Harvey M. Lederman representing the lending company. The landlord in this deal is the Elad Group, with Yitzhak Tshuva as their representative. The loan amount for this construction project is $100,000,000. Kriss Capital and its partners successfully closed the loan quickly and efficiently, despite the challenges presented by the current market conditions. This financing will be used for the second phase of Elad's Alina development.