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Lotus Capital Partners, LLC, has arranged $170-million on behalf of Centaur Holdings for construction of a residential community in Palm Beach, FL.

Lotus Capital Arranges $170M Loan for Final Golf Community in Palm Beach

Lotus Capital Partners, LLC, has arranged a four-tranche $170-million development financing package on behalf of Centaur Holdings for construction of a private residential community in Palm Beach.

Panther National will comprise 218 single-family estate homes, an 18-hole Jack Nicklaus signature golf course, a state-of-the-art golf training center, a 40,000-square-foot clubhouse and a health and lifestyle club. With no more land available for development, Panther National represents the last remaining luxury golf course community that can be built in Palm Beach.

The financing package from Monroe Capital consists of four independent lending facilities that are designed to function independently and activate at various points of the construction cycle for specific uses of construction. The structure includes two term loans, a revolver and a construction loan, which also has a revolver structured within it. According to Lotus Capital, the total borrowing capacity from the financing package will likely exceed $400 million.


Inside The Story

Lotus Capital Partners, LLC

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.

  • ◦Development
  • ◦Financing
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