Pacific Life Insurance Company Provides $84.9M Construction Loan For Boynton Beach Multifamily Development

630 East Woolbright Road, located in Boynton Beach, was the site of a recent closed transaction. The property, a multifamily asset, spans over 6.2 acres and consists of 319 units. The deal involved a construction loan, with Pacific Life Insurance Company serving as the lender. The loan amount for this transaction was $84,900,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $84,900,000
• Address: 630 East Woolbright Road, Boynton Beach
• Market: Boynton Beach
• Loan Type: Construction

In addition to Pacific Life Insurance Company, the key individuals and companies involved in the deal were American Land Ventures, represented by Granvil Tracy, and Isram Realty Group, represented by Shaul Rikman, Roni Soffer, and Mati Rikman. The brokers for this transaction were Tom Angelo, from Angelo & Banta.