Tyko lends $285M to Terra, Sympatico for Mr. C West Palm Beach project

David Martin’s Terra and the Morrison family’s Sympatico Real Estate secured a $285 million construction loan for their planned Mr. C Hotel & Residences West Palm Beach.  Tyko Capital, a New York-based real estate firm backed by Elliott Investment Management, is the lender. The developers launched sales of the waterfront project about two years ago. The 27-story building, with 110 hotel keys and 146 branded condos that owners can rent through the hotel program, will be built at 320 Lakeview Avenue.  Miami-based Aztec Group represented the developers in the financing.  The project is part of a wave of new luxury […]This article originally appeared on The Real Deal. Click here to read the full story.