Prospect Real Estate Group & Midtown Capital Secures $28.7M Construction Loan For Lake Worth Multifamily

2253 Keast Lane

MultiFamily

14,113 SF

Financed 1 year ago

Summary

Loan

FLORIDA

MultiFamily

14,113 sqft

Located at 2253 Keast Lane in Lake Worth, this multi-family property spans across 6.4 acres and consists of 240 units. The property is part of a closed transaction, with Prospect Real Estate Group and Midtown Capital serving as the landlords.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $28,700,000
Units: 240
Acres: 6.4

The construction loan for this property was provided by Pensam Capital, with Dominic Rechichi representing the lender. The loan amount is $28,700,000. The deal involved the collaboration between Prospect Real Estate Group, Midtown Capital, and Pensam Capital.

Players

All
1

Lenders
1

Pensam Capital

Details

Deal Summary

FINANCED

IMAGE: Dominic Rechichi DATE: 09/03/2021 ADDRESS: 2253 Keast Lane MARKET: Lake Worth ASSET TYPE: Multifamily ~ UNITS: 240 ~ ACRES: 6.4 LENDER: Pensam Capital - Dominic Rechichi LANDLORD: Prospect Real Estate Group & Midtown Capital LOAN AMOUNT: $28,700,000 LOAN TYPE: Construction Loan

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Address2253 Keast Lane

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