Lake Worth Beach project secures $34 million construction loan

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Affiliated Development has secured a $34.1 million construction loan for its planned mixed-income multifamily project in Lake Worth Beach, reports The Real Deal.

The 200-unit project Bohemian will include 44 of the units for workforce housing. The seven-story, 215,000-sq.-ft. building will be built on 1.8 acres at 1017 Lake Ave. The project will have 367 parking spaces.

Construction is expected to be completed in summer 2022.

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