{"id":544,"date":"2021-04-20T18:07:42","date_gmt":"2021-04-20T18:07:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/blog\/?p=544"},"modified":"2022-01-12T13:46:29","modified_gmt":"2022-01-12T13:46:29","slug":"tricera-51m-refi-west-palm-beach-shoppes-post-redevelopment","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/blog\/tricera-51m-refi-west-palm-beach-shoppes-post-redevelopment\/","title":{"rendered":"Tricera Lands $51M Refi for West Palm Beach Mixed-Use Redevelopment"},"content":{"rendered":"

Miami-based Tricera Capital secured a $51 million refinancing deal with Monroe Capital for its mixed-use project in West Palm Beach, Fla., located at 2751 S. Dixie Hwy. The money will be used to pay off a $20 million construction loan from 2019 and cover remaining the costs at the former Palm Beach Post<\/em> building. A team consisting of Jason Krane and Simon Ziff of Ackman-Ziff Real Estate Group, as well as the law firm Polsinelli, represented the borrower.<\/p>\n

\u201cWe are thrilled to complete this transaction and appreciative of Monroe\u2019s belief in our firm\u2019s most ambitious project to date,\u201d said Tricera Capital Principal, Ben Mandell. \u201cThe tenant mix is coming together nicely, with retailers that will complement the office tenants next door and surrounding neighborhoods. The Press is poised to reinvigorate the Dixie Highway corridor.\u201d<\/p>\n

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A post shared by STORYN (@storynstudio)<\/a><\/p>\n<\/div>\n<\/blockquote>\n