TruAmerica Acquires Multifamily Property In Boynton Beach For $46M

The multifamily property located at 5020 Ashley Lake Dr in Boynton Beach has recently been involved in a closed transaction. The property consists of 300 units and has attracted the attention of industry professionals.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $46,000,000
• Address: 5020 Ashley Lake Dr, Boynton Beach
• Market: Boynton Beach
• Lender: bbva''>BBVA
• Landlord: TruAmerica - Matthew Ferrari

TruAmerica, represented by Matthew Ferrari, secured a loan from BBVA in the amount of $46,000,000 for the acquisition of the multifamily property at 5020 Ashley Lake Dr. The property offers 300 units, making it an attractive investment opportunity. This transaction has garnered attention in the industry due to the significant loan amount and the involvement of notable parties.