Astor Sound, the new 230-unit multifamily community in Lake Worth, Palm Beach County, has secured a $57 million bridge loan to refinance its construction debt as the development nears completion. Berkadia arranged the financing on behalf of Midtown Capital Partners, a Miami-based real estate investment advisor, operator, and developer, with Infinity Collective originating the two-year loan, which includes a six-month extension option. The transaction officially closed on September 19.
Located at 2201 Tenth Avenue North, Astor Sound is designed as a garden-style community featuring four residential buildings ranging from two to five stories on a 6.5-acre site. The property offers one-, two-, and three-bedroom floor plans between 715 and 1,160 square feet. Each unit includes chef-inspired kitchens with center islands, quartz countertops, luxury flooring, front-loading smart washers and dryers, and oversized walk-in closets.
Community amenities at Astor Sound include a resort-style pool with pavilion and summer kitchen, a fitness center, co-working lounge, coffee bar, game room, conference room, dog park and spa, as well as outdoor trails. The development is conveniently located minutes from downtown Lake Worth, with easy access to I-95, Palm Beach State College, HCA Florida JFK Medical Center, and Palm Beach International Airport.
Founded in 2010, Midtown Capital Partners is an SEC-registered, vertically integrated real estate firm with offices in Miami, West Palm Beach, and Madrid. The firm manages over $1 billion in assets across 22 investment vehicles, representing more than 200 investors, and continues to expand its multifamily portfolio through projects like Astor Sound.
