Real Estate
West Palm Beach Housing Development Lands $380 Million Financing
- Savanna is building condos and rentals at project called Olara
- Demand for luxury housing has soared, attracting more lenders
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New York-based developer Savanna obtained a $380 million loan for a residential project it’s building in West Palm Beach, Florida.
The financing was provided by a consortium of lenders including One Investment Management, Sculptor Capital Management Inc., Octo Capital Management and Zeckendorf Development, according to a statement.