The North Olive Place multi-family project in downtown West Palm Beach scored a $35.5 million construction loan. Compass Bank, also known as BBVA Compass, provided the mortgage to CRV WPB-Eucal, an affiliate of Austin, Texas-based Cypress Real Estate Advisors. The loan matures in February 2018. RELATED CONTENT: SunTrust Bank lends $30M for apartment project It will fund the first phase of North Olive Place, which will consist of 259 town homes and apartments and a seven-story parking garage. According…
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