FINANCED
Pebb Capital Secures $173M Construction Loan For Sundy Village In Delray Beach
22 West Atlantic Avenue
Development Site
Financed 145 days ago
Summary
Loan
FLORIDA
Development Site
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.
Players
Details
FINANCED
IMAGE: Todd Rosenberg
DATE: 12/25/2023
ADDRESS: 22 West Atlantic Avenue
MARKET: Delray Beach
ASSET TYPE: Development Site
LENDER: JPMorgan Chase (@JPMorgan) & Monroe Capital
LANDLORD: Pebb Capital (@PebbCapital) - Todd Rosenberg
LOAN AMOUNT: $173,000,000
LOAN TYPE: Construction Loan
NOTE: Real estate firm Pebb Capital secured a $173 million construction loan from Monroe Capital and J.P. Morgan for Sundy Village in Delray Beach. The transformative project, with retail and office space, is set to deliver in summer 2024, combining modern design with preservation of historic structures.View on map
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Address22 West Atlantic Avenue
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