Maxim Capital Group Provides $5.7M Acquisition Loan For Palm Beach Multifamily

An acquisition loan has been secured for a multifamily property located at 3031 S Ocean Blvd in Palm Beach. The property consists of 29 units with a total square footage of 34,800. The loan, provided by Maxim Capital Group, amounts to $5,700,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,700,000
• Address: 3031 S Ocean Blvd
• Market: Palm Beach
• Units: 29
• Lender: Maxim Capital Group
• Lender Representatives: Jason Bordenick & Adam Glick
• Brokers: Ronnie Levine & Thomas Wayda - Meridian Capital Group

Ronnie Levine and Thomas Wayda of Meridian Capital Group represented the buyer or seller in this transaction, acting as brokers. They worked alongside Jason Bordenick and Adam Glick from Maxim Capital Group, who served as the lender representatives.