Steven K. Hudson Of ECN Capital Corp Purchases Palm Beach Mansion For $15.8M With CIBC Bank USA Loan

A single-family property located at 350 Seabreeze Avenue in Palm Beach, FL, was sold for $15,800,000. The asset spans 4,936 square feet and sits on a 0.21-acre lot. The price per square foot is $3,201, while the price per acre is $75,238,095.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $15,800,000
• Buyer: Steven K. Hudson - ECN Capital Corp
• Seller: Justin Besikof & Meira Besikof
• Brokers: Chris Leavitt - Douglas Elliman; Justin Besikof - Besikof Realty
• Lender: CIBC Bank USA
• Mortgage Amount: $11.85 million

Steven K. Hudson, the CEO of ECN Capital Corp, continues to expand his presence in the ultra-luxury market with this acquisition. The transaction involved brokers Chris Leavitt from Douglas Elliman and Justin Besikof from Besikof Realty, representing the seller. This deal adds to Hudson's recent activities in Palm Beach.