Pacific Life Insurance Company Provides $84.9M Construction Loan For Boynton Beach Multifamily Development

The property asset involved in this transaction is located at 630 East Woolbright Road, Boynton Beach. This multifamily asset encompasses 319 units and spans across 6.2 acres. The loan type for this property is construction, with a total loan amount of $84,900,000 provided by Pacific Life Insurance Company.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $84,900,000
• Units: 319
• Acres: 6.2
• Lender: Pacific Life Insurance Company
• Landlord: American Land Ventures - Granvil Tracy & Isram Realty Group - Shaul Rikman, Roni Soffer & Mati Rikman
• Brokers: Tom Angelo - Angelo & Banta

The key individuals and companies involved in this deal include Granvil Tracy representing American Land Ventures and Shaul Rikman, Roni Soffer, and Mati Rikman representing Isram Realty Group. Tom Angelo acts as the broker for the transaction, representing the involved parties accurately.