(Save the date: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24.)
PALM BEACH, FL—Royal Palm Place and Plaza has secured a $58 million loan. A mixed-use development, Royal Palm includes 187 luxury multifamily units and 206,765 square feet of retail and office space in Boca Raton.
The $58 million financing was arranged through a life company relationship for Investments Limited, the owner of Royal Palm Place. The interest-only loan spans seven years at a “competitive” fixed interest rate. Specifical terms of the deal were not disclosed. The loan replaced a maturing facility on the mixed-use asset.
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