TJAC Development Secures $99M Loan For Mixed-Use Property In Boca Raton
7000-7700 West Camino Real, 6909 Southwest 18th Street, 7000 West Palmetto Park Road & 21301 Powerline Road
514,500 SF
Summary
A mixed-use property located at 7000-7700 West Camino Real, 6909 Southwest 18th Street, 7000 West Palmetto Park Road, and 21301 Powerline Road in Boca Raton has been subject to a recent transaction. The property, spanning 514,500 square feet and sitting on 46.5 acres, has attracted attention from various parties.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $99,000,000
- Lender: Citigroup & Bank of America
- Landlord: TJAC Development
- Brokers: Israel Schubert, Noam Kaminetzky & Scott Forbes - Meridian Capital Group
- Loan Terms: Five-year, interest-only
The lenders involved in this deal include Citigroup and Bank of America, providing a loan amount of $99,000,000. TJAC Development serves as the landlord for the property. The transaction was facilitated by Israel Schubert, Noam Kaminetzky, and Scott Forbes from the Meridian Capital Group.
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