GCF Development has secured a $133,500,000 refinancing loan for Hollywood Circle, an approximately one million square feet mixed-use project. Located at 1776 Polk Street, Hollywood, FL 33020, GCF Development refinanced the property through Deutsche Bank USA. The transaction was brokered by Jay Miller from BayBridge Real Estate Capital.
“We are excited to partner once again with Deutsche Bank to close such a sizable loan,” said Peter Jago, Managing Director at GCF Development. “As we transition into 2024, this significant achievement signifies further advancement in the successful reimagining of a highly prominent area in Hollywood.”
Hollywood Circle is a 25-story retail center featuring Circ Residences with 386 residential units, a 111-room boutique hotel, a 48,000 square foot Publix Supermarket, 1,500 square foot Publix Liquors, a restaurant and rooftop bar, and 6,000 square feet of retail shops.