PMG Secures $250M Refi for New Fort Lauderdale Rental

AI Summary

PMG and Greybook secured $250 million in refinancing for the completed second phase of Society Las Olas in downtown Fort Lauderdale. The 42-story multifamily tower contains 563 apartments, with financing provided by Benefit Street Partners, an affiliate of Franklin Templeton.

Development firm PMG and private equity firm Greybook have secured $250 million to refinance a new multifamily building in Downtown Fort Lauderdale, property records show. The financing from Franklin Templeton’s Benefit Street Partners covers the second phase of the Society Las Olas complex, which was completed this year. The 42-story tower features 563 apartments at […]