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Florida & Gulf Coast  + South Florida  + Finance  |  December 20, 2022
Cushman & Wakefield has arranged secured a $92-million refinancing for Aura Boca, a recently completed 322-unit multifamily property in Boca Raton, FL.
Lisa McDuffie
By: Lisa McDuffie

Cushman & Wakefield Arranges $92M Refi for Newly Completed in Boca Raton

Institutional investors advised by J.P. Morgan Global Alternatives have secured $92 million of financing for Aura Boca, a recently completed 322-unit multifamily property located at 789 W Yamato Road in Boca Raton, FL.

Steven Kohn, Alex Hernandez, Alex Lapidus and Chris Meloni of real estate services firm Cushman & Wakefield arranged financing on behalf of the borrower. The fixed rate loan was provided by MetLife Investment Management on behalf of a client.

“Since opening, Aura Boca has experienced tremendous leasing velocity and achieved exponential rent growth,” said Hernandez.

Aura Boca consists of 506,916 square feet on 3.78 acres of land. The property features 8,000 square feet of amenities including a fitness center, pool with waterfall, tanning ledge, jacuzzi, private cabanas, enclosed bicycle storage and an on-site parking garage.

Aura Boca is located in Boca Raton’s residential district and less than a mile to Interstate 95 and the Boca Raton Tri-Rail Station for access to downtown West Palm Beach and Miami.

Read More News Stories About: Cushman & Wakefield
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Cushman & Wakefield's Hernandez

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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