Maxim Capital provided the funds for the development.
Developer 280 E. Palmetto Park Road LLC has obtained a $70 million construction loan for Glass House Boca Raton, a 28-unit luxury condominium development being built in Boca Raton, Fla. Maxim Capital provided the financing, and Arrow Real Estate Advisors brokered the deal.
This new financing will fund the vertical construction of the community through completion, which is set to start in the second quarter of this year. It refinances an $9 million early-work loan that the project previously received from Maxim Capital. That work included the construction of an underground parking garage.
The developer broke ground on Glass House in April 2025, and has since finished the building’s foundational work. The project is expected to be complete in late 2027, and will rise nine stories…