Madison Realty Capital Provides $302.5M Construction Loan For Condo In Boca Raton, FL | 101 East Camino Real | Madison Realty Capital | Henry Stimler, Anthony Orso | Condo | Loan

Summary

Loan

FLORIDA

Condo

458,000 sqft

A construction loan amounting to $302,500,000 has been secured for the development of a condo property located at 101 East Camino Real in Boca Raton, FL. The asset boasts a total square footage of 458,000 and comprises 100 units, making it a significant addition to the local real estate market.

Summary of transaction details

Property Type: Condo
Transaction Amount: $302,500,000
Address: 101 East Camino Real, Boca Raton, FL
Market: Boca Raton, FL
Square Footage: 458,000
Number of Units: 100

The construction loan was provided by Madison Realty Capital, with Josh Zegen serving as the lender's representative. As for the landlord, Penn Florida Companies, headed by Mark Gensheimer, played a crucial role in the transaction. Newmark's brokers, Henry Stimler and Anthony Orso, facilitated the deal, bringing their expertise to ensure a successful partnership.

Players

All
4

Agents
2
Agencies
1
Lenders
1

Henry Stimler

Executive Managing Director

$1B Sold

Anthony Orso

President

$1.9B Sold

Newmark

Madison Realty Capital

Details

Deal Summary

FINANCED

IMAGE: Mark Gensheimer, Anthony Orso, Josh Zegen, Henry Stimler & William Weber DATE: 08/02/2023 ADDRESS: 101 East Camino Real MARKET: Boca Raton, FL ASSET TYPE: Condo ~ SF: 458,000 ~ UNITS: 100 LENDER: Madison Realty Capital (@MadisonRealtyCapital) - Josh Zegen LANDLORD: Penn Florida Companies (@PennFlorida) - Mark Gensheimer BROKERS: Henry Stimler (@HenryStimler) & Anthony Orso - Newmark (@Newmark) LOAN AMOUNT: $302,500,000 LOAN TYPE: Construction FloridaCompanies

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Address101 East Camino Real

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