The Real Deal Miami

Village at Lake Worth scores $14.3M mortgage

The project will include 216 apartments in seven buildings
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.

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