PALM BEACH, FL - Forman Capital, a private direct real estate lender based in Palm Beach County, Florida, provided a $54.56 million construction loan to the developer of a condominium-hotel project in Miami’s Brickell Financial District. The 12-story, 172-unit Domus FLATS (Flexible Apartments for Temporary Stays) at Brickell Park will bring a new condo-hotel brand to the market and fill a void for flexible ownership product.
Located at 1611 SW Second Ave., Domus FLATS is being developed.
PALM BEACH, FL - Forman Capital, a private direct real estate lender based in Palm Beach County, Florida, is financing the construction of a new luxury condominium project in Miramar Beach, Florida – near Destin in the state’s panhandle region. The company provided a $38.5 million construction loan to the developer of the 97-unit Grove at Seascape Resort in the popular beach town.
Osborn Investments plans to develop the Grove on a vacant 11-acre site within the 330-acre Seascape.