FINANCED
Bank United Provides $53M Construction Loan For West Palm Beach Multifamily Development
609 2nd Street
MultiFamily
450,000 SF
450,000 SF
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.
Read LessDetails
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: ConstructionView on map
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Address609 2nd Street
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