Al Adelson, Sympatico score $63M loan for West Palm Beach condos
Al Adelson and the Morrison family’s Sympatico Real Estate scored a $62.5 million pre-construction loan for their planned West Palm Beach condo tower, the Berkeley, The Real Deal has learned. The developers secured the financing from New York City-based JVP Management, according to a press release. The firm’s head of credit strategies, Anthony Shaskus, said they hoped to also provide construction financing for the project, the release shows. The developers launched sales for the Berkeley, a 25-story, 193-unit tower planned for 601 and 621 Clearwater Park Road, in December. Floorplans range from two- to five-bedrooms, and the tower will have […]This article originally appeared on The Real Deal. Click here to read the full story.
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