The South Florida division of the Birmingham, AL-based lender has signed off on a $15.81 million acquisition, development and construction loan for Greystar Real Estate Partners of Charleston, SC and TMW Realty Advisors of Atlanta who are jointly developing the 3.6-acre, 42-townhome Flagler Landing community in West Palm Beach.
The bank is also providing a $9.2 million acquisition loan to Atlantic Partners II LLC of Greenwich, CT which purchased the three-building, 86,015-sf, 9.98-acre Linton Office Center complex at the southeast corner of S. Federal Highway and Linton Boulevard, Delray Beach, FL in June.
The Flagler Landing loan was priced over the London Interbank Offered Rate and involves a land acquisition loan, along with a revolving loan.
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