13th Floor, partners score $139M refi for 420-unit apartment complex in Delray Beach

by Lidia Dinkova

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.

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