Meridian Capital Secures $69M Building And Construction Funding for Condo Task in Boca Raton

Meridian Funding Protects $69M Building And Construction Funding for Condo Job in Boca Raton

Order Reprints … December 13, 2020

Meridian Resources Group has actually protected a $68.5 million building financing for the Royal Hand Residences, a ground-up, luxury condominium job in Boca Raton.

Situated at 475 East Royal Hand Roadway, the home will certainly contain three contiguous nine-story buildings including 48 condominium devices and 201 garage. The advancement will supply an amenities bundle that will include a 24-hour doorman and also attendant, expansive wellness plaza, a state-of-the-art fitness facility, private storage space, onsite car parking and also dual-entry personal lift gain access to right into each residence. The residential property is likewise located across from the entryway to the Boca Raton Hotel as well as Club country club as well as nearby to a planned six-acre, multi-million-dollar beachfront park along the Intracoastal River.

Ronnie Levine, Judah Hammer, Ben Jacobs as well as Jared Kaufman of Meridian safeguarded the financing on behalf of Ignacio Diaz and Jose Padua of Team P6 with lending institution, CIM Group. Regards to the financing included full-term, interest-only settlements.

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