13th Floor, partners score $139M refi for 420-unit apartment complex in Delray Beach
13th Floor Investments and its partners scored a $139 million refinancing for a 420-unit apartment complex in Delray Beach, amid a continuing lending flurry in South Florida. Coconut Grove-based 13th Floor, Brickell-based Key International, West Palm Beach-based Wexford Real Estate Investors and Boca Raton-based CDS International completed the Savio apartment complex last year at 1874 Heron Club Drive, according to records. CIBC USA provided the loan, according to a Newmark news release. Jordan Roeschlaub and Nick Scribani were part of the Newmark team that represented the developers. Savio consists of three-story and five-story apartment buildings and rental townhomes. It offers […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
A rising threat to homeownership: How heirs’ property undermines affordable housing
Figure unveils industry-first blockchain stock offering
Beazer Homes shifts to move-up buyers, bets on energy efficiency
‘Selling Sunset’ Star Mary Bonnet Reveals How Much She Really Earns—as She Lays Bare ‘Ironclad’ Prenup
PHH Mortgage will halt reverse originations, sell MSRs to Finance of America
Illinois is Struggling in Affordability and Homebuilding: Can Governor Pritzker Revive the Market?
Nantucket Homeowner Accused of Chopping Down Neighbor’s Trees Sells Property for $2.1 Million Below Asking
When land strategy meets AI: homebuilders gain a new edge
Whoopi Goldberg Takes Hiatus From ‘The View’ To Pursue Acting Role in Italy—After Revealing Desire To Spread Her Wings Beyond Daytime TV
Riviera Beach picks partner in $481M redevelopment plan
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131