$44M Construction Loan Targets Rising Demand for Luxury Homes in Delray Beach

A Philadelphia-based construction company has closed on a $44 million loan from Madison Realty Capital to build on Ocean Boulevard in Delray Beach, as the demand for luxury residences and homes continues to climb in South Florida.

Construction will soon begin construction on a new luxury residential development on 1625 Ocean, according to president and CEO John Farina.