Centaur Holdings Secures $160 Million Construction Loan From The SRT Group For Golf Resort Development

The property asset is a golf resort and luxury residences located at 7111 Fairway Drive in Palm Beach Gardens. It encompasses 392 acres of land and consists of 218 units, which includes luxury homes and villa units. The project is designed to feature a championship golf course created by Jack Nicklaus and will incorporate a comprehensive amenity base for residents.

Summary of transaction details:

• Property Type: Golf Resort & Luxury Residences
• Transaction Amount: $160,000,000
• Market: Palm Beach Gardens
• Lender: The SRT Group
• Landlord: Centaur Holdings
• Capital Advisor: Faisal Ashraf - Lotus Capital Partners
• Loan Type: Construction
• Units: 218
• Acres: 392

The deal involves key individuals and organizations, with Faisal Ashraf acting as the capital advisor from Lotus Capital Partners. Lotus arranged and structured a financing package with The SRT Group, providing Panther National with a term loan and construction revolver. The project is characterized as an innovative residential, golf, and lifestyle community aimed at enhancing the local real estate offerings in Palm Beach Gardens.