Developers nabs $43M construction loan for Palm Beach apartments

Alta Developers secured a $43.1 million construction loan for an apartment complex in Boynton Beach.

Pacific Western Bank awarded the mortgage to Alta Boynton LLC, an affiliate of Miami-based Alta Developers, led by Henry Pino. The Alta @ Cortina will have 324 units on Audace Avenue, on the west side of Renaissance Commons Boulevard.

General contractor Kaufman Lynn Construction recently started work on the project.

Alta @ Cortina will total 427,114 square feet with six five-story apartment buildings,…