Affiliated scores $73M construction loan in Boynton Beach amid Live Local rush
Affiliated Development scored a $73 million construction loan for a Live Local Act project in Boynton Beach, amid a rush to build apartments under the state workforce housing law. Fort Lauderdale-based Affiliated, a workforce and affordable rentals developer, started construction of The Dune with 336 units on a 4.3-acre site at 2607 and 2617 South Federal Highway, steps from the Intracoastal Waterway, according to records and the developer’s news release. Pacific Life Insurance provided the financing. Affiliated also tapped equity from family office capital partners and its Affiliated Housing Impact Fund, the release says. The firm launched a fund last […]This article originally appeared on The Real Deal. Click here to read the full story.
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