$8,610,000 – Delray Beach, FL (Palm Beach County)

delray beach florida beachfront property

In January of 2020, Emerald Creek Capital provided an $8,610,000 acquisition loan in Delray Beach, FL. The loan is secured by a 1.18-acre beachfront property. The borrower plans to redevelop the property into a three-story, 14-unit luxury condominium building totaling 77,998 square feet. Each apartment will consist of three spacious bedrooms plus a den, walk-in closets and a private terrace. Residents will enjoy an outdoor pool, fitness center, and direct beach access. Delray Beach is a lively coastal city in southeast Florida, best known for its pristine beaches and vibrant arts scene. The inviting community boasts an abundance of galleries, boutiques and eateries, making it a popular vacation destination. The subject property is conveniently located on coastal Highway AIA, only minutes from downtown Delray.

 

For more information, please contact:

Matt Fantuzzi, Vice President
(646) 237-2570
mfantuzzi@emeraldcreekcapital.com

 

Check out our interactive map for a comprehensive look at our nationwide lending activity.

Thank you for your feedback! Please don't hesitate to reach out to our team with any additional comments or questions.