Related lands $100M construction financing for Riviera Beach workforce housing
The Pérez family’s Related Group landed $100.3 million in construction financing for its planned Residences at Marina Village, a workforce housing project in Riviera Beach. Records show the developer secured $54 million from the Florida Finance Housing Corporation and the Bank of New York Mellon, $1.5 million from Riviera Beach Community Redevelopment Agency (CRA), $4.7 million from Palm Beach County, and $38.6 million from M&T Bank. RUDG Investor LLC, a Florida entity registered to Jorge Pérez, also provided $1.5 million in financing. Residences at Marina Village, planned for the 2.4 acres at 57 East 12th Street, is part of Riviera […]This article originally appeared on The Real Deal. Click here to read the full story.
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