National Realty Investments Advisors secured a $16.5m loan for the acquisition and development of a beachfront townhouse project along the Atlantic Ocean in Boynton Beach, Florida. Plans call for 14 three-story townhomes on nearly two acres. Each unit will feature an elevator, rooftop deck, splash pool and two-car garage. Capital Group arranged the funding on behalf of the borrower. “It is exciting to complete this transaction for a project in our backyard,” said Trez Forman, Capital Group’s president. “The demographics of Palm Beach County are strong, particularly in coastal communities. Demand from luxury buyers remains high, so we expect this project to do very well.”
