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Rich Properties Snags $38.5M Refi for West Palm Beach Rental Asset

Rich Properties obtained a $38.55 million refinancing for Tennis Towers Apartments, a 306-unit multifamily community in West Palm Beach that has been owned and operated by Rich Properties for more tha

Rich Properties Snags $38.5M Refi for West Palm Beach Rental Asset
Photo: Connect CRE

Summary

Rich Properties obtained a $38.

55 million refinancing for Tennis Towers Apartments, a 306-unit multifamily community in West Palm Beach that has been owned and operated by Rich Properties for more than 35 years.

Berkadia’s Mitch Sinberg, Scott Wadler, Matthew Robbins, Brad Williamson, and Jared Hill arranged the financing on behalf of Rich Properties. Berkadia originated...

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