Kolter and Rockpoint Land $108M Loan for Palm Beach Gardens Rental

AI Summary

Kolter Group and Rockpoint secured a $108 million loan from PNC Bank to finance the construction of a 432-unit multifamily rental project in Palm Beach Gardens, Florida. This garden-style development will feature amenities including a pool and multiple floors.

Developer Kolter Group and private equity firm Rockpoint have secured $107.8 million to build a garden-style multifamily project in Palm Beach Gardens, Fla., property records show.  PNC Bank provided the construction debt for the Sutton, a five-story, 432-unit development just north of North Military Trail, west of Dixie Highway. Amenities will include a pool, a […]