Finance Deals of the Week: $160M Florida Construction Loan
The top financings from March 3 to March 8.
By The Editors March 8, 2024 10:00 am
reprints
The deals arrive at the beginning of March with a $160 million construction for a mixed-use project in Juno Beach, Fla., and a $97 million refinancing for a luxury multifamily apartment complex in Queens that opened last year, financed by Apollo Global Real Estate Management and developed in a joint venture by Slate Property Group. Kennedy Wilson also made a $96 million loan out in Alexandria, Va., on an office-to-residential conversion.
| Loan Amount | Lender | Borrower | Address | Asset | Broker |
|---|---|---|---|---|---|
| $160 million | Argo Real Estate, Bsafal and Taconic Capital Advisors | JDL Development and Wanxiang America | 1011 U.S. Highway; Juno Beach, Fla. | Mixed-Use | N/A |
| $97 million | Apollo Global Real Estate | Slate Property Group and Grobman Gross Properties | 69-65 Yellowstone Boulevard; New York | Residential | Newmark's Daniel Fromm |
| $96 million | Kennedy Wilson | Community Three and Whitaker Investment Corporation | 1055 North Fairfax Street; Alexandria, Va. | Office-to-Residential Conversion | Cushman & Wakefield's Mashall Scallan, Michael Zelin, Bindi Shah and Nick Rangel |
| $81 million | Greystone through Freddie Mac | Bridge Investment Group | 6770 Pats Ranch Road; Jurupa Valley, Calif. | Residential | Greystone's Clint Darby and Andrew Remenschneider |
| $79 million | N/A | Asian Americans For Equality | 39-03 College Point Boulevard; New York | Transitional Housing | N/A |
Finance Deals of the Week reflects deals closed or announced from March 3 to March 8. Information on financings can be sent to editorial@commercialobserver.com.
Deals of the Week, Affinius Capital, Apollo Global Management, Bridge Investment Group, Cathay Bank, Community Three, Greystone, Helio Group, Kennedy Wilson, Slate Property Group, UMB Bank
