Hollywood Circle, largely funded by Chinese EB-5 investors, scores $60M loan
Rendering of Hollywood Circle and Chip Abele
City National Bank of Florida provided the loan for the mixed-use project, now under construction
South Florida developer Charles “Chip” Abele just scored a $60 million loan for his Hollywood Circle mixed-use project under construction in downtown Hollywood, property records show.
Abele received the financing from City National Bank of Florida. He previously told The Real Deal the 25-story development located along Tyler Street on the northeast side of Young Circle Park, was built “debt free.”
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