News July 10, 2019
Penn-Florida scores $225M construction loan for Mandarin Oriental condos in Boca
Madison Realty Capital has extended a $225 million construction loan to Penn-Florida Companies for the final phase of building at Via Mizner, the developer’s 2 million square foot mixed-use project at the heart of Boca Raton, Florida. The loan will be used specifically to finish construction on The Residences at Mandarin Oriental, a 12-story luxury condominium project that will be the third and final tower at Via Mizner. Madison Realty Capital is one of the nation’s leading private debt investment firms specializing in bridge and construction loans for projects in need of additional financing; the firm is best known for its debt fund series, the most recent of which raised more than $1.1 billion.