Abacus Capital scores $78M construction loan for Palm Beach Gardens project
Abacus Capital broke ground on its Palm Beach Gardens apartment project after nabbing a $77.5 million construction loan. Affiliates of Beverly Hills, California-based Kennedy Wilson and Toronto-based Fairfax Financial provided the financing for Arbor House, a planned 13-story building with 302 units and an eight-story garage with 480 parking spaces at 3701 Catalfumo Way South, records show. A JLL team led by Mona Carlton and Joshua Odessky arranged the loan on behalf of New York-based Abacus Capital, led by CEO Ben Friedman. Abacus Capital is developing Arbor House on a 4.7-acre site acquired last year for $32.5 million from Palm […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Affiliated scores $74M construction loan for Fort Lauderdale Live Local project as lending thaws
Allapattah on deck: CRA targets $243M for infrastructure, affordable housing
Ross makes his first Live Local move after years of office, condo development
Company tied to Stephen Starr buys waterfront Miami Beach home
Pending sale of $88M beachfront estate tops big week in Palm Beach County
Mast, Koch drop $38M on Islands of Islamorada Resort in Florida Keys
Movers & Shakers: Basis Industrial boosts C-suite
South Florida’s top deals: Waste Management buys landfill site for $379M
Florida housing supply makes gains in parts of Florida
Practical follow-up tools can help agents earn repeat business
