BOYNTON BEACH, FL – Joint-venture partners ESG Kullen and Angelo Gordon have secured a $49.2 million loan for the recapitalization of a 219-unit multifamily property in Palm Beach County, FL.
The floating-rate loan was provided by commercial real estate debt fund manager and portfolio lender Mesa West Capital LLC.
The first mortgage debt is secured by the multifamily asset Monteverde at Renaissance Park, which comprises three six-story buildings across 2.5 acres. The community offers one-, two- and three-bedroom floorplans, as well as a resort-style pool and jacuzzi, a fitness center, billiard room, outdoor grills, bicycle storage, a gated parking garage and an on-site property manager.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
