Beech Street Capital Provides $16M Loan for Jacaranda Village

PLANTATION, FL-Beech Street Capital has provided $16.3 million in refinancing loan for the Jacaranda Village apartment community in Plantation.

By GlobeSt News Hub | May 01, 2012 at 01:01 AM

PLANTATION, FL-Beech Street Capital has provided $16.3 million in refinancing loan for the Jacaranda Village apartment community in Plantation. Scully Company, a Beech Street client, requested the lender to pay off tax exempt bonds with low fixed-rate debt.

The borrower received the Fannie Mae conventional loan for the 296-unit complex at 461 NW 87th Road. The fixed-rate, seven-year loan will help the borrower to refinance the property. Brian Sykes from Beech Street Capital's Boston office initiated the transaction. For the full story, go to South Florida Business Journal .

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