Eugene Rutenberg Of Celestial Fund Secures $2.87M Loan For Spec Residence In Boca Raton

This single-family residence is situated at 598 Northwest 6th Street in Boca Raton, Florida. The property encompasses approximately 4,579 square feet and is located on a 15,000-square-foot corner lot. It features four bedrooms and seven bathrooms, showcasing Spanish Colonial-inspired architecture with a gated motor court for a refined entrance.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $2,870,000
• Lender: Celestial Fund
• Originator: Eugene Rutenberg - Celestial Fund
• Borrower's Attorney: Dara Siegel - Siegel & Siegel P.A.
• Loan Type: Construction
• Loan Terms: 24 months
• Purpose: Spec Home Construction for Business Investment Purposes (NON – Owner Occupied)

Eugene Rutenberg of Celestial Fund facilitated the loan transaction, while Dara Siegel from Siegel & Siegel P.A. represented the borrower’s interests in this deal. Celestial Fund has completed another successful closing for a speculative residence in this market, highlighting its continued involvement in Florida real estate financing.