Highland Realty Capital Provides $3.6M Acquisition Loan For West Palm Beach Multifamily

A multifamily property located at 418 Kanuga Dr in West Palm Beach has been involved in a recent closed transaction. The property consists of 16 units and spans a total of 9,792 square feet.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,600,000
• Address: 418 Kanuga Dr
• Market: West Palm Beach
• Number of Units: 16
• Total Square Footage: 9,792

The loan for this transaction was provided by Highland Realty Capital. The brokers involved in the deal were Leland Ortega and Jeffrey K. Eliason from Highland Realty Capital. The loan, totaling $3,600,000, was classified as an Acquisition Loan with the terms stating that it is an Acquisition Rehab Bridge Loan. The loan was sized to 130% of the Purchase Price and 90% of the Project Cost.