Oceanfront condo project in Delray Beach obtains $45M construction loan
Madison Realty Capital, which has a Miami office, provided the mortgage to New Jersey-based U.S. Construction for the 1.17-acre site at 1625 S. Ocean Blvd.
The 14 units at 1625 Ocean are priced from $3.9 million to $7.5 million. Ranging from 3,500 to more than 5,000 square feet, each condo is named after a famous musician, including Bob Dylan, Billy Joel, Bruce Springsteen and Janis Joplin. They each come with terraces and summer kitchens.
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