Kriss Capital Provides $100M Construction Loan For Alina Development In Boca Raton

The second phase of Elad Group's successful Alina development in Boca Raton, FL has obtained construction financing through a loan. The property is a condominium with a total of 182 units and a square footage of 571,500. Located at 220 SE Mizner Blvd, this asset has attracted the attention of the real estate market in Boca Raton.

Summary of transation details

• Property Type: Condo
• Transaction Amount: $100,000,000
• Address: 220 SE Mizner Blvd, Boca Raton, FL
• Market: Boca Raton, FL
• Asset Type: Condo
• Square Footage: 571,500
• Units: 182

Kriss Capital, represented by Jody Kriss, Mark Luehring-Jones, and Harvey M. Lederman, acted as the lender for this loan. They worked together to swiftly and efficiently close this financing despite current market challenges. Elad Group, represented by Yitzhak Tshuva, is the landlord of the property and have successfully secured the necessary funds for the second phase of the Alina development.

The collaboration between Kriss Capital and Elad Group highlights the commitment to the development of Alina in Boca Raton. This construction financing enables the progression of the project and reaffirms the strength of the real estate market in the area.