Port 32 Marinas Secures $82M Loan For Land In Palm Beach Gardens & Fort Lauderdale

Two properties, located at 2385 PGA Boulevard in Palm Beach Gardens and 1915 SW 21st Avenue in Fort Lauderdale, have recently been involved in a loan transaction. The properties, categorized as land assets, were part of a deal facilitated by Dustin Stolly, Jordan Roeschlaub, and Chris Kramer of Newmark. The loan amount for this transaction was $82,000,000 and the lenders involved were First United Bank and amerant''>Amerant Bank. The landlord of these properties is PORT 32 Marinas.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $82,000,000
• Address: 2385 PGA Boulevard & 1915 SW 21st Avenue
• Market: Palm Beach Gardens & Fort Lauderdale
• Lenders: First United Bank & Amerant Bank
• Landlord: PORT 32 Marinas
• Brokers: Dustin Stolly, Jordan Roeschlaub & Chris Kramer - Newmark

The individuals and companies involved in this loan deal are Dustin Stolly, Jordan Roeschlaub, and Chris Kramer from Newmark, who represented the parties in the transaction. They played a crucial role in facilitating the loan between the borrower and the lenders, First United Bank and Amerant Bank. The collaboration between these professionals allowed the successful completion of the transaction.