$6.4M Multifamily-Urban Bay Financial LLC

$6.4M Multifamily

Pre-development of a 360-Unit Multifamily Townhomes in Rockledge, FL

Borrower requested a $6.4M loan to begin the predevelopment of a 360-unit townhome and apartment community on 46.6 acres of land in Rockledge, FL. The sustainable green community will feature large balconies, steel and glass, and living plants on all levels intend to bring the beautiful, wooded environment surrounding the community into the residential living space. This includes heavily landscaped interior pathways between buildings and plant covered balconies and rooftops.

The site is in a very accessible, well situated east coast Florida community with excellent commuter services and easy access to major roadways (Dixie Highway, Federal HighwayandI-95), with well-groomed public access beaches a few minutes away. The total project cost will be an estimated $90.1M inclusive of this predevelopment loan.

The principles have been in the business of purchasing, constructing, and rehabbing residential, commercial, industrial, farm & ranch, and other types of real estate properties in Florida, and elsewhere in the US for more than 30 years. For more information Contact us