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CIM Group Provides $68.5M Loan For Condo Development Project In Boca Raton

475 East Royal Palm Road⁠
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This Development Site property located in FL received a loan of $68,500,000 over 3 years ago. The brokers of the deal were Jared Kaufman, Judah Hammer, Ronnie Levine, and Ben Jacobs

475 E. Royal Palm Road in Boca Raton has been the subject of a recent loan transaction. The loan, provided by CIM Group, amounted to $68,500,000. This property is a condominium development located in the Boca Raton market.

Summary of transaction details

  • Property Type: Condo Development
  • Transaction Amount: $68,500,000
  • Date: 12/03/2020
  • Address: 475 E. Royal Palm Road
  • Market: Boca Raton

The loan was facilitated by the broker representatives Ronnie Levine, Judah Hammer, Ben Jacobs, and Jared Kaufman from Meridian Capital Group. The landlords of the property are Ignacio Diaz and Jose Padua from Group P6.

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Deals
  • Location
    475 East Royal Palm Road, Boca Raton, FL, USA475 East Royal Palm Road, Boca Raton, FL, USA
  • Loan Value
    $68,500,000$68,500,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    4 Brokers, 1 Agency, 1 Lender4 Brokers, 1 Agency, 1 Lender

Agents

Judah Hammer

Judah Hammer

Deals19
Financed$850.5M

Ben Jacobs

Ben Jacobs

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Financed$520.6M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

CIM Group

CIM Group

Lender
Deals19
Volume$ 121B

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Deal Summary

LOAN⁠ IMAGE: Ronnie Levine, Judah Hammer, Ben Jacobs, & Jared Kaufman⁠ DATE: 12/03/2020⁠ ADDRESS: 475 E. Royal Palm Road⁠ MARKET: Boca Raton⁠ ASSET TYPE: Condo Development⁠ ⁠ LENDER: CIM Group⁠ LANDLORD: Group P6 - Ignacio Diaz & Jose Padua⁠ BROKERS: Ronnie Levine, Judah Hammer, Ben Jacobs, & Jared Kaufman - Meridian Capital Group⁠ ⁠ LOAN AMOUNT: $68,500,000⁠

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475 East Royal Palm Road⁠

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