Affiliated Development Acquires Lake Worth Beach Multifamily For $35M Loan

An multifamily property located at 16th Avenue-North Dixie Highway in Lake Worth Beach was recently involved in a closed transaction. The transaction took place on 12/20/2019, and the property consists of 230 units. The deal was financed by Trez Forman, who provided a loan amount of $35,000,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $35,000,000
• Address: 16th Avenue-North Dixie Highway
• Market: Lake Worth Beach
• Units: 230
• Lender: Trez Forman
• Landlord: Affiliated Development - Jeff Burns, Nick Rojo

Affiliated Development, represented by Jeff Burns and Nick Rojo, served as the landlord in this transaction. They were responsible for overseeing the deal and ensuring its successful completion.