Bank United Provides $53M Construction Loan For West Palm Beach Multifamily Development

609 2nd Street

MultiFamily

450,000 SF

Financed 1 year ago

Summary

Loan

FLORIDA

MultiFamily

450,000 sqft

An multifamily property located at 609 2nd St in West Palm Beach was recently involved in a closed transaction. The property has a total square footage of 450,000 and consists of 309 units. The deal took place on 09/08/2021.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $53,000,000
Address: 609 2nd St, West Palm Beach
Market: West Palm Beach
Asset Type: Multifamily
Square Footage: 450,000
Units: 309

The lender involved in this transaction was Bank United. The loan amount for the deal was $53,000,000. The loan type was construction. The landlord in this transaction was Affiliated Development, represented by Nick Rojo & Jeff Burns.

Details

Deal Summary

FINANCED

IMAGE: Jeff Burns & Nick Rojo DATE: 09/08/2021 ADDRESS: 609 2nd St MARKET: West Palm Beach ASSET TYPE: Multifamily ~ SF: 450,000 ~ UNITS: 309 LENDER: Bank United LANDLORD: Affiliated Development - Nick Rojo & Jeff Burns LOAN AMOUNT: $53,000,000 LOAN TYPE: Construction

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Address609 2nd Street

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