Trez Forman finances site acquisition for senior housing in Boynton Beach

The developer of a 285-unit senior housing complex borrowed $4.9M to finance its acquisition of a 15-acre site on Jog Road

TRD MIAMI /
Dec.December 15, 2018 04:00 PM

Rendering of 285-unit Boynton Beach senior housing development that Trez Forman is financing.

Trez Forman Capital Group loaned $4.9 million for the acquisition of a site for senior housing development in Boynton Beach.

The developer will use the loan to finance acquisition of a 15-acre site on the northwest corner of Flavor Pict Road and Jog Road in Boynton Beach, according to a press release by Trez Forman.

The Palm Beach County Planning Department and the county’s Zoning and Building Department recently approved the developer’s plan to build a 285-unit facility there.

The facility would have 192 independent-living units, 53 assisted-living units and 40 memory-care units.

“The senior housing category continues to perform well and attract significant investor interest,” Brett Forman, president and CEO of Trez Forman said in a prepared statement. “The demand should remain strong thanks to an aging baby boomer population and solid housing market.”

Trez Forman is a joint venture formed in 2016 by Palm Beach-based Forman Capital and Trez Capital Group, a leading Canadian commercial mortgage lender based in Vancouver. – Mike Seemuth


Related Articles

arrow_forward_ios
Daily Digest Miami

South Florida home sales struggle in October, Cipriani and Terra plan luxury condo

Rendering of Sailboat Bend II

Affordable housing project in downtown Fort Lauderdale lands $27M loan

Rendering of The Residences at Equality Park and Stephanie Berman

Financing in hand, Florida’s first LGBTQ+ senior housing development breaks ground

The Meridian at Boca Raton at 21865 Ponderosa Drive, and Kenneth Assiran

Meridian Senior Living buys community near Boca Raton for $61M

Boynton Commons and InvenTrust Properties Corp CEO Tom McGuinness (Credit: Google Maps and InvenTrust)

Carlyle Management pays $50M for Boynton shopping center

Rendering of the Brickell hotel development, Tony Cho and Robert Finvarb

Finvarb and Cho land construction loan for mixed-use hotel near Brickell City Centre

Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon

Jeffrey Epstein (Credit: Daily Beast | Getty)

Jeffrey Epstein commits suicide by hanging himself in his Manhattan jail cell

arrow_forward_ios