Estate scores $60M construction loan for 255-unit multifamily project in Riviera Beach
Summary
Estate Companies secured a $60 million construction loan to build a 255-unit apartment complex in Riviera Beach. The project, called Soleste on the Trail, will include a four-story garden-style layout and a man-made lake. BB Americas Bank provided the financing, and Estate continues to expand a large South Florida development pipeline. The article also places the deal in the context of a slowing multifamily market that still supports active lending and new construction starts.
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