Jumbo lending in PB County warmed up last month

Law firm survey shows rise in mortgages over $1 million from January to February

TRD MIAMI /
Mar.March 20, 2016 12:30 PM

Lenders last month closed 62 mortgage loans over $1 million on property in Palm Beach County, up from 48 in January, according to a survey by Rabideau Law, a real estate law firm with offices in Palm Beach and Toronto,

But in the six months ended in February, the number of $1 million-plus Palm Beach County mortgage closings dropped to 320 from 345 in the prior six months.

The law firm also reported Palm Beach County mortgages over $1 million totaled $608.6 million in the September-February period, down from $751.1 million in the prior six-month period.

Rabideau Law reported that City National Bank’s $8.9 million loan to Penelope F. Antonini was the largest residential mortgage originated in Palm Beach County last month.

The Rabideau survey also showed that the largest Palm Beach County commercial mortgage loan in February was from Jackson National Life Insurance Co. to PRCP Abacoa Investment LLC, in the amount of $26.3 million.


Related Articles

arrow_forward_ios
Florida Allowing Gyms, Beaches To Reopen in Palm Beach

Florida governor to allow gyms and beaches to reopen in Palm Beach County on Monday

Florida governor to allow gyms and beaches to reopen in Palm Beach County on Monday
Gov. Ron DeSantis (Credit: Josh Brasted/Getty Images)

Safer-at-home effective in South Florida until mid-April

Safer-at-home effective in South Florida until mid-April
Florida Gov. Ron DeSantis (Credit: Joe Raedle/Getty Images)

Non-essential businesses ordered to close in Palm Beach and Broward counties

Non-essential businesses ordered to close in Palm Beach and Broward counties
Anne Gannon and West Palm Beach (Credit: iStock and Airbnb)

Airbnb sues Palm Beach County … again

Airbnb sues Palm Beach County … again
Airbnb urges hosts to pay local taxes on short-term rentals in Palm Beach County

Airbnb urges hosts to pay local taxes on short-term rentals in Palm Beach County

Airbnb urges hosts to pay local taxes on short-term rentals in Palm Beach County
For Travis County, Texas, Opportunity is definitely calling

For Travis County, Texas, Opportunity is definitely calling

For Travis County, Texas, Opportunity is definitely calling
Partnership pays $8.6M for Palm Beach Commons retail plaza

Partnership pays $8.6M for Palm Beach Commons retail plaza

Partnership pays $8.6M for Palm Beach Commons retail plaza
Three fully leased warehouses in Palm Beach County command $25.8M

Three fully leased warehouses in Palm Beach County command $25.8M

Three fully leased warehouses in Palm Beach County command $25.8M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...