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Angelo and Banta Law Firm closes $67.5 million loan from Regions Bank to Plantation Residential LLC

FT. LAUDERDALE – The firm’s managing shareholder, Thomas P. Angelo, as well as attorneys Philip M. Hanaka and Michael S. Foelster of Angelo & Banta, P.A., recently represented Regions Bank in closing a $67.5 million acquisition and construction loan to Plantation Residential LLC, a Delaware limited liability company, to finance the development and construction of a 481-unit luxury apartment project to be known as “Alexan Plantation” in Plantation, Broward County, Florida.

Jeffrey I. Shulman, South Florida’s senior vice president and sales manager and Marilyn Seroyer, both of Regions Bank, will lead a syndicate of banks for the construction loan.

A subsidiary of JP Morgan provided equity funding to Plantation Residential, a subsidiary of Trammell Crow Company. The developer was represented by Jones Day of Columbus, Ohio.