The Reich Companies Secures $4.9M Construction Loan For Luxury Single Family Residence In Boca Raton

The luxury single-family residence located at 7234 Ayrshire Lane in Boca Raton, FL was the subject of a recent property transaction. The property was financed through a construction loan with a total amount of $4,978,000. The loan terms included an 18-month interest-only fixed-rate loan, allowing for the construction of the residence.

Summary of transaction details

• Property Type: Single Family Residence
• Transaction Amount: $4,978,000
• Address: 7234 Ayrshire Lane, Boca Raton, FL
• Market: Boca Raton, FL

The transaction was facilitated by Black Bear Capital Partners, with Scott Modelski representing the brokerage agency. Scott Modelski played a crucial role in securing the construction loan for the property on behalf of The Reich Companies, the landlord.