Village at Lake Worth scores $14.3M mortgage

The Village at Lake Worth
The Village at Lake Worth

Construction has kicked off at the Village at Lake Worth, an apartment complex, thanks to a $14.3 million loan from Citibank.

The bank provided the mortgage to Lake Worth Village LLC, an affiliate of Miami-based AHS Development Group, according to the South Florida Business Journal.

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Back in February 2013, the developer acquired the 7.6-acre property, located at 2220 Lake Worth Road, for $2.25 million.

When completed, the project will include 216 apartments in seven buildings, a lake and a clubhouse. [South Florida Business Journal]Christopher Cameron