City National Bank Of Florida Provides $31.75 Million Acquisition Loan For Boca Raton Mixed-Use Property

The property asset involved in the transaction is located at 7700 West Camino Real in Boca Raton, featuring a mixed-use asset type with a total square footage of 189,542. The transaction includes a loan amount of $31,750,000, structured as a five-year, fixed-rate acquisition loan provided by City National Bank of Florida.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $31,750,000
• Loan Type: Acquisition
• Loan Terms: Five year, fixed-rate loan
• Lender: City National Bank of Florida
• Landlord: Ken Goodman & Zac Goodman - Interface Properties
• Landlord's Representatives: Michael Basinski, Mitch Sinberg & Jacob Kelly - Berkadia

The transaction highlights the involvement of key individuals such as Ken Goodman and Zac Goodman as the landlords, representing Interface Properties. The landlord's representatives, Michael Basinski, Mitch Sinberg, and Jacob Kelly, are associated with Berkadia and played a significant role in facilitating the deal.