Pebb Capital Secures $173M Construction Loan For Mixed-Use Project Delray Beach, FL | 22 West Atlantic Avenue | J.P. Morgan Chase & Company, Monroe Capital | Mixed-use | Loan

Summary

Loan

FLORIDA

Mixed-use

The loan for the property located at 22 West Atlantic Avenue in Delray Beach, FL has been finalized. The mixed-use asset, developed by Pebb Capital, secured a construction loan for a total of $173,000,000. The loan was provided by Monroe Capital and J.P Morgan.

Summary of transaction details:

Property Type: Mixed-use
Transaction Amount: $173,000,000
Date: 12/22/2023
Address: 22 West Atlantic Avenue
Market: Delray Beach, FL
Developer: Pebb Capital
Lender: Monroe Capital & J.P Morgan

Jason Krane, Simon Ziff, Todd Rosenberg, Todd Benson, Jason Starr, and Kyle Asher were involved in the loan transaction for the property.

Players

All
2

Lenders
2

J.P. Morgan Chase & Company

Monroe Capital

Details

Deal Summary

FINANCED

IMAGE: Jason Krane, Simon Ziff, Todd Rosenberg, Todd Benson, Jason Starr & Kyle Asher DATE: 12/22/2023 ADDRESS: 22 West Atlantic Avenue MARKET: Delray Beach, FL ASSET TYPE: Mixed-use DEVELOPER: Pebb Capital (@PebbCapital) LENDER: Monroe Capital & J.P Morgan LOAN AMOUNT: $173,000,000 LOAN TYPE: Construction

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Address22 West Atlantic Avenue

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