Affiliated scores $34M construction loan for Lake Worth Beach apartments
Affiliated Development scored a $34.1 million construction loan for its planned mixed-income multifamily project in Lake Worth Beach.
The Fort Lauderdale-based developer, led by Nicholas Rojo and Jeff Burns, is set to start building the 200-unit Bohemian, where 44 of the units will be workforce housing. BankUnited issued the loan on Wednesday, Rojo said.
The seven-story, 215,000-square-foot building is to rise on 1.8 acres at 1017 Lake Avenue. The project will have 367 parking spaces, 120 of which will be leased by the city as public parking.
