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Florida & Gulf Coast  + South Florida  + Apartments  |  August 21, 2025
Mr. C's obtains $285M construction loan
Mike Boyd
By: Mike Boyd

Terra Secures $285M Loan for Mr. C’s in West Palm Beach

Terra closed on a $285 million construction loan for Mr. C Hotel & Residences West Palm Beach and announced it has broken ground on the hybrid hotel/residences venture. The financing was provided by TYKO Capital. Aztec Group represented the borrowers in the construction loan deal. 

Once complete, Mr. C Hotel & Residences West Palm Beach at 401 S. Olive Avenue will feature 110 hotel suites and 146 residences. The project was designed by Arquitectonica and the design studio Meyer Davis.

Amenities at Mr. C Hotel & Residences West Palm Beach include a garden-level lap pool with private cabanas, a poolside bar and lounge area, a fully equipped fitness center, and a signature spa with steam and sauna rooms.

A professional hospitality team is available to coordinate everything from housekeeping, pet care, and appointment scheduling to in-home dining, package handling, and travel support.

Mr. C Hotel & Residences was founded by Ignazio and Maggio Cipriani.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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