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Real Estate Rumors: CIBC, Terra, Stellar

By Andrew McIntyre (June 27, 2019, 4:01 PM EDT) -- CIBC Bank has loaned $21.9 million for a project to redevelop a Florida golf course by building housing there, The Real Deal reported on Thursday. The loan to developer 13th Floor Homes is for the closed Marina Lakes Golf Course in Delray Beach, where 13th Floor is seeking to build 524 units for residents ages 55 and older, according to the report....

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