FINANCED
Monroe Capital Provides $170M Construction Loan For Development Site In West Palm Beach
10601 Coconut Boulevard
Development Site
Financed 1 year ago
Summary
Loan
FLORIDA
Development Site
Located at 10601 Coconut Blvd in West Palm Beach, this development site is a prime asset covering 392 acres. The property includes 218 units, making it an attractive investment opportunity in the area.
Summary of Transaction Details:
- Property Type: Development Site
- Transaction Amount: $170,000,000
- Address: 10601 Coconut Blvd
- Market: West Palm Beach
- Units: 218
- Acres: 392
The loan for this project is provided by Monroe Capital, with Kyle Asher representing the lending institution. The loan is a construction loan, totaling $170,000,000. The structure of the loan includes two term loans, a revolver, and a construction loan, which also has a revolver structured within it. Faisal Ashraf from Lotus Capital Partners served as the broker for this transaction.
Players
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2
Agents
1
Lenders
1
Details
FINANCED
IMAGE: Kyle Asher & Faisal Ashraf
DATE: 05/04/2022
ADDRESS: 10601 Coconut Blvd
MARKET: West Palm Beach
ASSET TYPE: Development Site ~ UNITS: 218 ~ ACRES: 392
LENDER: Monroe Capital - Kyle Asher
LANDLORD: Centaur Holdings
BROKER: Faisal Ashraf - Lotus Capital Partners
LOAN AMOUNT: $170,000,000
LOAN TYPE: Construction
LOAN TERMS: The structure includes two term loans, a revolver, and a construction loan, which also has a revolver structured within it.View on map
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Address10601 Coconut Boulevard
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