GCF Development has successfully secured a $133,500,000 refinancing loan for Hollywood Circle, a mixed-use project spanning approximately one million square feet. The property is located at 1776 Polk Street in Hollywood, FL and the financing was arranged through Deutsche Bank USA. The transaction was facilitated by Jay Miller of BayBridge Real Estate Capital.
According to Peter Jago, Managing Director at GCF Development: “We are thrilled to once again collaborate with Deutsche Bank on such a significant loan closing. As we enter 2024, this achievement marks another milestone in our successful revitalization of this prominent area in Hollywood.”
Hollywood Circle boasts a 25-story retail center that includes Circ Residences with 386 residential units and amenities such as a boutique hotel with 111 rooms; Publix Supermarket covering an area of over 48,000 square feet; Publix Liquors occupying approximately1 ,500 square feet; as well as various dining options including rooftop bar and restaurant along with retail shops spanning over6 ,000 square feet.
