JOHNSON CAPITAL ARRANGES $12M LOAN FOR MIXED-USE PROPERTY IN FLORIDA

by admin

WELLINGTON, FLA. — Johnson Capital has arranged a $12 million loan to refinance Wellington Reserve, a Class A office and retail park in Wellington, a town in Palm Beach County. The complex contains approximately 93,000 square feet of office and retail space in seven buildings. Warren Factor and Eric Fixler of Johnson Capital’s Boca Raton office arranged the seven-year loan with a 25-year amortization schedule through a national bank. The borrower, an unnamed real estate investor active in Orlando and Miami, purchased the asset from Wells Fargo in March 2013 for $10.5 million.

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