Greenberg Traurig advised Penn-Florida Companies on the transaction.
The funds provided by Madison Realty Capital comprise $215 million for a construction loan and $10 million in mezzanine financing. They will finance the construction of The Residences at Mandarin Oriental, Boca Raton. Located at Via Mizner at the corner of Federal Highway and Camino Real, the 88-unit tower is currently under construction.
The Greenberg Traurig team was composed by Shareholders Marcia H. Langley (Picture) and Bruce C. Rosetto were assisted by Delaware Shareholder Jonathan I. Lessner, Boca Raton Associate Bracha Pollack, and West Palm Beach Associate Charles J. Abrams. Seyfarth Shaw attorneys served as co-counsel.
Involved fees earner: Charles Abrams – Greenberg Traurig; Marcia Langley – Greenberg Traurig; Jonathan Lessner – Greenberg Traurig; Bracha Pollack – Greenberg Traurig; Bruce Rosetto – Greenberg Traurig; Seyfarth Shaw – Greenberg Traurig;
Law Firms: Greenberg Traurig;
Clients: Penn-Florida Companies;