Thu Aug 10 2023
Penn-Florida Companies scored a $302.5 million loan for the Residences at Mandarin Oriental development in Boca Raton – The Real Deal
New York-based Madison Realty Capital, led by Josh Zegen, is providing the financing for the Via Mizner project at 105 East Camilo Real, according to a source. It replaces the $225 million loan Madison provided in 2019. The refinancing adds to a group of large loans that developers have secured in recent months. Penn-Florida, led by president Mark Gensheimer, completed the first phase, a 366-unit apartment building, in 2018. The project also calls for a 164-room Mandarin Oriental hotel, the…