Village Bank & Trust Provides $12.13M Construction Loan For Land In Riviera Beach

The property involved in this transaction is a land located at 1463 Dr. Martin Luther King Jr. Blvd in Riviera Beach. The land spans approximately 8.9 acres and is owned by Easton Group and Stonemont Financial Group. The property is represented by Eric Swanson from Avison Young.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $12,130,000
• Market: Riviera Beach
• Lender: Village Bank & Trust

This construction loan transaction was facilitated by Village Bank & Trust. The landlord, Easton Group and Stonemont Financial Group, secured a loan amount of $12,130,000 to finance the construction project on the 8.9-acre land in Riviera Beach. The deal was brokered by Eric Swanson from Avison Young.