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280 East Palmetto Park Road

Glass House Boca Secures $70 Million Construction Loan From Maxim Capital Group For Development Site In Boca Raton
FINANCEDDevelopment Site

Glass House Boca Secures $70 Million Construction Loan From Maxim Capital Group For Development Site In Boca Raton

280 East Palmetto Park Road

$70,000,000

Building Size

Asset Type

Development Site

Closing

Mar 4, 2026

AI

The property involved in this transaction is a development site located at 280 East Palmetto Park Road in Boca Raton, FL. The loan amount secured for this construction project is $70,000,000.

Summary of transaction details:

This transaction highlights the key players involved, with Josh Greene and Adam Glick representing Maxim Capital Group in the lending aspect. Glass House Boca is the landlord, with Louis Halperin and Morris Betesh from Arrow Real Estate Advisors acting as their representatives in the deal.

Players

Morris Betesh

Arrow Real Estate Advisors

Broker

$13.2B

vol

227 deals

Broker
Adam Glick

Adam Glick

Maxim Capital Group

Lender

$1B

vol

27 deals

Lender
Maxim Capital Group
Maxim Capital GroupLender

Boca Raton Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93