Rybovich Boat Company, controlled by Huizenga Holdings, secured $65m to refinance its 69-slip, mega yacht marina and repair facility in West Palm Beach. Holliday Fenoglio Fowler (HFF) brokered the 15-year, fixed-rate loan through Florida Community Bank. The funds will be used to refinance the property’s existing debt.
Situated on nearly 32 acres on North Flagler Drive, the facility offers 60 wet slips with 9,000 linear feet of dockage and nine dry-dock spaces. Other amenities include a restaurant and bar, crew lounge, a gym, a fuel dock and a parts store. “Our team was privileged to work with Huizenga Holdings and Florida Community Bank, to procure long-term financing for Rybovich,” Scott Wadler of HFF said. “We anticipate this best-in-class property will continue its achievement as one of the most successful and recognizable marine establishments not only in South Florida but worldwide.”
