Invesca Development and the Gold Coast Florida Regional Center have grabbed a $55.22 million loan to convert a multifamily project into a condominium in Pompano Beach, Florida.

Envy, located at 450 East Atlantic Boulevard, consists of 214 Class A rental units, across two 11-story buildings.

The luxury finished apartments come with stainless steel appliances and a private balcony. Envy offers one, two, and three-bedroom units, which span from 703 to 1,026 square feet.

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