Robert Suris And Jeffrey Ardizon Secure $72.5 Million Construction Loan From Synovus Bank For Multifamily Development

The asset involved in this transaction is a multifamily property located at 520 North Rosemary Avenue in West Palm Beach. It encompasses 321 units and has a total square footage of 298,371. The loan amount for this construction financing is $72,500,000, provided by Synovus Bank.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $72,500,000
• Address: 520 North Rosemary Avenue
• Market: West Palm Beach
• Units: 321
• Square Footage: 298,371
• Lender: Synovus Bank
• Landlord: Robert Suris & Jeffrey Ardizon - The Estate Companies
• Loan Type: Construction

Key individuals involved in this transaction include Robert Suris and Jeffrey Ardizon, who represent The Estate Companies as the landlords for this multifamily project. Their collaboration with Synovus Bank facilitated the securing of the construction loan.