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Meyers Accesso Secures $46M Construction Loan for Palm Beach Multifamily
Northmarq’s West Palm Beach debt and equity team of David Gahagan, Chris Hammel, and Chandler Kaye secured $46.2 million in construction financing on behalf of Meyers Accesso for the development of a 200-unit Class A multifamily property to be called Avery Lake Worth located in Lake Worth, FL. The financing was arranged through Northmarq’s correspondent relationship with a life insurance company that provided financing with an additional mezzanine loan structure.
Avery Lake Worth will consist of two five-story buildings with surface parking and a shared outdoor common area that will include a swimming pool, green space, outdoor grilling stations, dog park and wash, viewing/picnic area that overlooks a state approved bird sanctuary and more.
Avery Lake Worth will offer one- and two-bedroom floorplans with modern amenities. Residents will have access to a state-of-the-art clubhouse yoga studio, game room with pool and poker tables, an Amazon package room and indoor bicycle storage.
- ◦Development
- ◦Financing

