Affiliated Development Acquires Multifamily Property In Lake Worth Beach With $34.1M Construction Loan

1017 Lake Ave, located in Lake Worth Beach, has recently undergone a closed property transaction. The asset involved in this transaction is a multifamily property. The loan obtained for this transaction is a construction loan, with a loan amount of $34,100,000. The lender responsible for providing this loan is Bank United.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $34,100,000
• Address: 1017 Lake Ave
• Market: Lake Worth Beach
• Lender: Bank United

Affiliated Development, represented by Nick Rojo and Jeff Burns, acted as the landlord in this transaction. They played a crucial role in facilitating the deal for the multifamily property located at 1017 Lake Ave in Lake Worth Beach.