Berkadia Commercial Mortgage LLC’s Charles Foschini and Christopher Apone have secured a $22.5 million bridge loan for the repositioning of the former Bank of America building in West Palm Beach.
The 10-story tower on 1.3 acres at 625 N. Flagler Drive lost its bank anchor tenant last year. That’s when Michael McCloskey, the CEO of FRI Investors Inc., swooped in to acquire the building in an off-market $23 million deal last September. Foschini worked with McCloskey on several financing deals during the last cycle.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
