Madison Realty Capital Provides $302.5M Construction Loan For Condo In Boca Raton, FL

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.