Comerica Bank Provides $45.7M Loan For Delray Beach Development Site

An development site located at 6595 Morikami Park Road in Delray Beach has recently been involved in a closed transaction. The property spans across 7.23 acres and offers 187 units with a total square footage of 137,660. The deal was facilitated by Comerica Bank, with Curtis C. Farmer representing the lender, providing a loan amount of $45,690,000. The landlord of the property is Alliance Residential, represented by Bruce Ward and V. Jay Hiemenz.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $45,690,000
• Address: 6595 Morikami Park Road, Delray Beach
• Market: Delray Beach
• Units: 187
• Square Footage: 137,660
• Acres: 7.23

Comerica Bank, led by Curtis C. Farmer, played a crucial role in the transaction by providing the loan for the development site. On the other hand, Alliance Residential was represented by Bruce Ward and V. Jay Hiemenz. Together, these key individuals and companies ensured the successful completion of the deal.