Babak Ebrahimzadeh & Isaac Ohebshalom Secure $118.6 Million Construction Loan For Mixed-Use Development

The property asset involved in the transaction is located at 11200 Rca Center Drive in Palm Beach Gardens. It is categorized as a mixed-use asset. The loan amount for this transaction is $118,600,000, structured as a construction loan with terms that include a three-year period, floating-rate, and interest-only payments.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $118,600,000
• Lender: Cirrus Real Estate Partners
• Landlord: Babak Ebrahimzadeh & Isaac Ohebshalom
• Landlord's Representative: Charles Foschini, Scott Wadler, Shannon Wilson & Matthew Monahem - Berkadia
• Loan Type: Construction
• Loan Terms: three-year, floating-rate, interest-only

This transaction features key individuals from Berkadia as representatives for the landlords, including Charles Foschini, Scott Wadler, Shannon Wilson, and Matthew Monahem. Their involvement highlights the professional support and representation in securing the financing for this mixed-use development project.