Nelson Peltz And Claudia Peltz Secure $30 Million Loan From Bank Of America For Palm Beach Estate

The asset involved in this transaction is a 13-acre single-family estate located at 548 North County Road in Palm Beach, FL. The property, known as Montsorrel, has a significant market value of $307 million and has been in the ownership of billionaires Nelson Peltz and Claudia Peltz since the late 1980s. Recently, they secured a loan for $30 million from Bank of America against this waterfront property, which follows a previous mortgage of $68.5 million taken out approximately a year prior.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $30,000,000
• Address: 548 North County Road
• Market: Palm Beach, FL
• Landlord: Nelson Peltz - Trian Partners; Claudia Peltz
• Lender: Bank of America
• Acreage: 13.0
• Previous Mortgage Amount: $68,500,000
• Property Valuation: $307,000,000

Key individuals in this transaction include Nelson Peltz and Claudia Peltz, who are both recognized as billionaire investors. They represent their own interests in this transaction through their affiliation with Trian Partners, and their long-term ownership of the estate reflects a longstanding investment in the Palm Beach market.