PHASE Housing Corporation, Inc Secures $17.5M Construction Loan For Senior Housing In West Palm Beach

The senior housing property located at 325 Executive Center Dr in West Palm Beach has been involved in a recent transaction. The property consists of 200 units and is owned by PHASE Housing Corporation, Inc, represented by Paul Ponte. The lender for this transaction is greystone''>Greystone, with Jon Morales representing them.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $17,529,400
• Address: 325 Executive Center Dr
• Market: West Palm Beach
• Units: 200

This construction loan was provided by Greystone to PHASE Housing Corporation, Inc. The loan is a non-recourse HUD-insured loan with a 40-year term at a low, fixed rate. The loan will be used for the construction of the senior housing property.