Maxim Capital Lends $18M on Copperline Partners’ Palm Beach Multifamily Buy

Excerpt from the Commercial Observer Website: Copperline Partners has closed a deal to purchase the Edgewater House Apartments in Palm Beach, Fla., Commercial Observer has learned.

The acquisition, which closed last week, comprises the 37-unit building plus the land below the property, which is located at 2720 South Ocean Boulevard.

The firm secured $17.5 million in financing from Maxim Capital Group for the $26 million deal, in a transaction arranged by Meridian Capital Group’s Ronnie Levine, sources said.

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