Brora Capital Provides $14.5M Loan For Mixed-Use Project By Compson Associates In Boca Raton

The asset involved is a mixed-use property located at 123 East Palmetto Park Road in Boca Raton. The property is part of a project known as Aletto at Sanborn Square, which is currently under construction.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $14,500,000
• Lender: Ignacio Diaz & Jose Padua - Brora Capital
• Landlord: Carl Klepper & Bobby D’Angelo - Compson Associates
• Loan Type: Construction

Brora Capital, a newly launched lending platform co-founded by Ignacio Diaz and Jose Padua, focuses on short-term real estate financing across Florida. The loan closed specifically for the Compson Associates project emphasizes the company's aim to support construction initiatives in the area.