Trez Capital Provides $82M Construction Loan For Condo Development In West Palm Beach

4714 North Flagler Drive (@AlbaPalmBeach)

271,837 SF

Financed 1 year ago

Summary

Loan

FLORIDA

271,837 sqft

A construction loan has been secured for a condo property located at 4714 N Flagler Dr in West Palm Beach. The condo spans 271,837 square feet and consists of 55 units within a 1.7-acre land parcel.

Summary of transaction details

Property Type: Condo
Transaction Amount: $82,000,000
Address: 4714 N Flagler Dr
Market: West Palm Beach
Units: 55
Acreage: 1.7

Trez Capital, represented by Ben Jacobson, will be providing the construction loan for this project. The borrower, BGI Companies, is represented by Kenneth Baboun and Robert Barthelmess.

Players

All
1

Lenders
1

Trez Capital

Details

Deal Summary

FINANCED

IMAGE: Kenneth Baboun, Ben Jacobson & Robert Barthelmess DATE: 04/22/2022 ADDRESS: 4714 N Flagler Dr (@AlbaPalmBeach) MARKET: West Palm Beach ASSET TYPE: Condo ~ SF: 271,837 ~ UNITS: 55 ~ ACRES: 1.7 LENDER: Trez Capital - Ben Jacobson (@BenjaminJacobsonFL) LANDLORD: BGI Companies - Kenneth Baboun & Robert Barthelmess LOAN AMOUNT: $82,000,000 LOAN TYPE: Construction

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Address4714 North Flagler Drive (@AlbaPalmBeach)

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