Acres Capital Provides $85.75M Loan For Delray Beach Hotel By Menin Development

The hotel located at 233 NE 2nd Avenue in Delray Beach, FL, was recently involved in a closed property transaction. The transaction took place on June 30, 2021, and the property was financed through a loan provided by Acres Capital. The loan amount for this transaction was $85,750,000. Menin Development, represented by Craig Menin, acted as the landlord in this deal. The brokers involved in the transaction were Richard Horowitz and Justin Horowitz from CooperHorowitz LLC.

Summary of Transaction Details

• Property Type: Hotel
• Transaction Amount: $85,750,000

Richard Horowitz and Justin Horowitz from CooperHorowitz LLC played a key role as brokers in this transaction. They represented the buyer, seller, landlord, or tenant in this deal. This closed property transaction showcases the collaboration between various individuals and companies to facilitate the purchase or lease of the hotel property in Delray Beach, FL.