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Nearly $2M to Fund OLA Realty Land Purchase

BOCA RATON, FL-The company, which developed the town home project Tuscany Village of Boca Raton, has received $1.6 million in financing to purchase land where it intends to develop a similar project, the scope of which is not yet decided, according to the lender.

By Melissa Bogdany | Updated on March 01, 2004

BOCA RATON, FL-OLA Realty LLC has obtained a $1.6 million loan to purchase land in the city where the real estate firm plans to develop a town home project.

The funding was provided through BankAtlantic, based in Fort Lauderdale, FL. Susan Imbrigiotta of BankAtlantic’s Commercial Lending Division in that city, handled the loan. The interest rate is a floating rate over prime.

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