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A developer from Tampa received a $47.6 million loan to start construction of a multifamily and commercial project in Palm Beach Gardens. South Gardens, which is managed by Charles B. Funk in Tampa.
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The deed in lieu of foreclosure resolved that outstanding debt in exchange for turning over the property to bacm 2006-2 hotel at Palm Beach Gardens LLC, an affiliate of the CMBS trust with Torchlight.
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Florida Crystals’ subsidiary FCI Residential will soon break ground on the Atlantico apartments in Palm Beach Gardens after obtaining a $50.47 million construction loan. PNC Bank (NYSE. east of.