Monday, July 22, 2019

​MADISON REALTY CAPITAL PROVIDES $225 MILLION CONSTRUCTION LOAN ON THE RESIDENCES AT MANDARIN ORIENTAL, BOCA RATON

NEW YORK, July 18 (Bernama-GLOBE NEWSWIRE) -- Madison Realty Capital has provided a $225 million construction loan on The Residences at Mandarin Oriental, Boca Raton, a planned 12-story, 580,000-square-foot luxury condominium tower in Boca Raton, Florida.

The financing will allow owner/developer Penn-Florida Companies to complete the 12-story, 288,000 saleable-square-foot luxury condominium tower with an additional 22,000 square feet of retail. This will be the third and final tower at the 2 million-square-foot Via Mizner resort, a world-renowned resort destination in the heart of the internationally-recognized Southeast Florida community.

http://mrem.bernama.com/viewsm.php?idm=35032

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