Palm Beach, FL $13,050,000 13,400 Sq. Ft. Residential Construction

Knighthead provided a $13.05mm first mortgage loan to be used towards the refinance and construction of an approx. 13,400 sq. ft. ultra-luxury single family residence to be marketed for sale. The loan was underwritten to 73% of completion value.  This loan was made to a repeat Borrower.