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Florida & Gulf Coast  + South Florida  + Apartments  |  September 2, 2020
David Cohen
By: David Cohen

DWNTWN Realty Secures $19M Construction Loan for Opa-locka Townhouse Project

DWNTWN Realty Advisors has arranged a $19 million construction loan for a 112-unit townhome development in Opa-locka.

The development will consist of 112 four-bedroom, two-and-a-half-bathroom units on a 10-acre site located at 1719 NW 143rd St. The project will include 23 separate four and five-unit buildings. The workforce housing community will be gated and located on a lakefront. The project is expected to begin delivering units in mid-2021, with full completion expected in early 2022.

Andrew Kurnit of DWNTWN Realty Advisors secured the financing on behalf of the developers, a joint venture between Redwood National Properties and David Burstyn of Winston Capital Partners. The lender was City National Bank.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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