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.
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