Aztec Group Arranges $55.6 Million In Financing For Senior Housing Community In Palm Beach Gardens
The loan was provided by MetLife and provides for full-term interest-only and a 36 month term.
The loan was provided by MetLife and provides for full-term interest-only and a 36 month term.
Tamarac Village boasts 401 units across approximately 421,000 rentable square feet on 12.7 acres.
The project consists of 156 rental apartments located in Miami’s Health District.
The project consists of 188 rental apartments and 45,000 square feet of office space and retail space.
Aztec Group’s Peter Mekras arranged the financing.
The project consists of 90 rental apartments and 9,642 square feet of ground floor retail.
Phase I of the project was completed in 2020 and experienced rapid leasing velocity through the pandemic and is currently 99% occupied. Phase II is under construction and scheduled for completion in 2022. Upon completion, the project will total 401 units.
The subject property features two 5-story office buildings on 5.78-acres with frontage on SR-7 (441) just 1-mile north of the Golden Glades Interchange.
The buyer is planning a multifamilyn development.
The buyer received conditional approval to build 526 luxury apartments, 66 hotel extended-stay units, 75,294 square feet of retail space, and a paseo with green space. CLICK ON THE HEADLINE FOR MORE
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