Meyers Accesso Secures $46M Construction Loan for Palm Beach Multifamily

Connect CRE

By Angela Noote

August 15, 2023

Meyers Accesso has secured $46.2 million in financing from American Equity Investment Life and SteepRock Capital to advance the development of a 200-unit multifamily community in Palm Beach County, FL, called Avery Lake Worth. The property has ease of access to Interstate 95 and close proximity to employment centers and many amenities, including shopping, dining, entertainment and beaches. Construction is expected to begin this summer.

Avery Lake Worth will consist of two five-story buildings with surface parking and a shared outdoor common area that will include a swimming pool, green space, outdoor grilling stations, dog park and wash, viewing/picnic area that overlooks a state approved bird sanctuary and more.

Avery Lake Worth will offer one- and two-bedroom floorplans with modern amenities. Residents will have access to a state-of-the-art clubhouse yoga studio, game room with pool and poker tables, an Amazon package room and indoor bicycle storage.