Palm Beach

1501 Corporate Dr

Suite 240

Boynton Beach, FL 33426

T: 561.588.0132

Atlanta

 

3414 Peachtree Rd NE

Suite 270

Atlanta, GA 30326

T: 470.206.7001

Vancouver

745 Thurlow St

Suite 1700

Vancouver, BC V6E 0C5

T: 604.689.0821

Toronto

401 Bay St

Suite 1404

Toronto, ON M5H 2Y4

T: 416.350.1224

Dallas

5055 Keller Springs Rd

Suite 500

Addison, TX 75001

T: 214.545.0951

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*All figures on this website are denoted in USD$

Multifamily Construction | $34,839,433 |  Lake Worth, FL

Affiliated Development snagged a $35 million construction loan for its 230-unit apartment project near downtown Lake Worth Beach. 

Fort Lauderdale-based Affiliated Development, which is led by Jeff Burns and Nick Rojo, is planning to use the loan to build The Mid, a new Class A apartment complex on 16th Avenue and North Dixie Highway. It secured the loan from Boynton Beach-based Trez Forman.

Affiliated Development is partnering with London and New York-based Round Hill Capital on the project. The group is focusing on workforce housing, aiming to offer renters a cheaper option than other nearby Class A multifamily properties.

Affiliated Development has had a busy week. Earlier this week, the firm secured approval from the West Palm Beach CRA board and city commission for a $9 million grant to go forward with a 289-unit, eight-story mixed-use project known as The Grand in West Palm Beach. The project will also be workforce housing.