ROYAL PALM BEACH, FLA. — The Lynd Group has secured a $132.5 million bridge loan from MF1 Capital to refinance the construction loan for The Villas at Tuttle Royale, a 401-unit asset in Royal Palm Beach, roughly 12 miles west of West Palm Beach. New York-based S3 Capital provided the original $126 million construction loan to Lynd Group in March 2023.
The Villas at Tuttle is located within Tuttle Royale, a 200-acre mixed-use project.
Situated at 11200 Nicole Drive, The Villas at Tuttle comprises 26 buildings. The garden-style community offers one-, two-, three- and four-bedroom units that are up to 2,035 square feet in size. The unit mix includes 55 townhomes with private two-car garages.
Residents have access to amenities such as a two-story clubhouse with a sauna, fitness and wellness center, coffee bar, private dining areas, game room, community catering space, two lounges, coworking pods, a business center and panoramic outdoor terrace. Additional outdoor amenities include a recreation deck with a pool, cold plunge, spas, cabanas, fire pits, pickleball courts, bike path and playground.