PGA

Land Pre-Development Palm Beach Gardens, FL

A $32MM First Mortgage secured by the fee simple interest in an 8.2-acre development site planned for a luxury waterfront condominium development in Palm Beach Gardens, FL. The loan was used to complete an assemblage of the Property, pay transaction costs, and fund carry, debt service and predevelopment reserves. The Sponsor is a local developer […]

Land Pre-Development Suffolk County, NY

Land Pre-Development Suffolk County, NY

A $30MM First Mortgage secured by the fee simple interest in a 114-acre development parcel located in Suffolk County, NY. The loan was used to complete an assemblage of the property pay transaction costs, and fund carry, debt service and predevelopment reserves. The Borrower’s business plan during the term of the loan is to pursue […]