Flatiron Realty Capital Provides $24,500,000 Loan For Construction In Delray Beach

This transaction involves a single-family asset located in Delray Beach. The loan amount secured for this property is $24,500,000, provided through a refinance structure with an 18-month ground-up construction loan designed to facilitate project completion.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $24,500,000
• Loan Type: Refinance
• Loan Terms: 18 Month Ground Up Construction Loan
• Lender: Robert Talas, Joseph Talas & Seena Talas - Flatiron Realty Capital
• Market: Delray Beach

The deal involved Flatiron Realty Capital, which has demonstrated its capacity to offer large-scale financing solutions capable of accommodating experienced developers. The borrower transitioned from their existing commercial bank due to delays that hindered project progress, necessitating a swift and reliable response from their financing partner to maintain construction schedules.