Sean Conlon secures financing on West Palm property after Chicago foreclosure on personal guarantee
Real estate investor Sean Conlon refinanced his historic West Palm Beach property shortly after he was ordered to pay more than $10 million in a Chicago foreclosure judgement. The merchant bank founder and CNBC personality secured a $13.8 million loan on his 38-unit apartment property at 206 Clematis Street through lender BDIM Capital Management. He paid $18 million for the property in 2022. The six-story, 1920s building has 5,000 square feet of ground-floor retail and sits on 0.19 acres on one of downtown West Palm’s best-known shop and restaurant corridors. Conlon has operated the apartments via Airbnb. Once the site […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Voters elect Live Local, condo reform advocate Vicki Lopez, shoot down Miami marina, Miami Beach office projects
Florida voters approve Amendment 3 property tax referendum
Real estate industry-backed Byron Donalds narrowly wins historic Florida governor’s race
Mapping Toledano family, BH Group’s pipeline of Florida projects
E11even’s Marc Roberts admits forwarding anti-Islamic email, but says he didn’t write it
ZOM affiliate files for bankruptcy after $308M Arizona judgment, seeks to sell its assets
Florida’s $7B-plus in hotel deals drive national investment activity despite mounting financing, operating challenges
Walmart-anchored retail sale in Fort Lauderdale marks second deal in a week for Miami Heat co-owner’s firm
Jaw-dropping: Aldo Stark’s James Bond-inspired mansion finds buyer at $85M
