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 33020 and the financing was arranged through Deutsche Bank USA. BayBridge Real Estate Capital’s Jay Miller brokered the transaction.
“We are thrilled to once again partner with Deutsche Bank to secure such a significant loan,” stated GCF Development’s Managing Director Peter Jago. “This accomplishment marks another step forward in our successful transformation of this highly prominent area in Hollywood.”
Hollywood Circle boasts a 25-story retail center that includes Circ Residences with 386 residential units, as well as a boutique hotel with 111 rooms. Other features include a Publix Supermarket spanning over 48,000 square feet and Publix Liquors occupying an additional1 ,500 square feet of space. Additionally,a restaurant and rooftop bar along with6 ,000 square feet of retail shops can also be found within the development.
The article titled “Hollywood Circle Owners Secure $133M Refi” originally appeared on Connect CRE.
