Pebb Capital has secured a $173 million construction loan from Monroe Capital and J.P. Morgan for Sundy Village, a development site located at 22 West Atlantic Avenue in Delray Beach. The project aims to deliver a transformative retail and office space experience by combining modern design with the preservation of historic structures. The completion date for Sundy Village is set for summer 2024.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $173,000,000
• Lender: JPMorgan Chase & Monroe Capital
• Landlord: Pebb Capital - Todd Rosenberg
• Loan Type: Construction Loan
• Address: 22 West Atlantic Avenue, Delray Beach

The loan from Monroe Capital and J.P. Morgan demonstrates the confidence they have in Pebb Capital's vision for Sundy Village. With the financial backing, Pebb Capital will be able to bring their development plans to life and create a modern space that seamlessly blends with the historic charm of Delray Beach.