Apollo Global Management Inc. affiliates have granted a significant $307 million construction loan for a high-end waterfront condominium project in South Florida.
The loan will support the development of Rosewood Residences Hillsboro Beach, a luxury project being developed by Related Group and Dezer Development.
Situated on Millionaire's Mile, the project will consist of 92 exclusive residences and will offer 11 private boat slips, catering to affluent buyers seeking upscale coastal living.
This investment highlights the continued demand for luxury real estate in the region.