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Florida & Gulf Coast  + South Florida  + Apartments  |  June 6, 2019
David Cohen
By: David Cohen

Hunt Provides $42M Construction Loan for MF Development

Hunt Real Estate Capital provided a $42 million construction loan for the development of Boardwalk 280, a 280-unit apartment community in Miami. The community will consist of a leasing office, community common areas and a mix of outdoor public courtyards and gathering spaces. The property is located on a 12-acre site in the city of Miramar, two miles from American Dream Miami, a 200-acre mega mall and shopping development currently under construction.

Amenities at the community will include two swimming pools, cabana beds, playground areas, a dog park, grilling areas, tennis tables and WiFi connectivity/stations throughout the common areas. The clubhouse includes a lounge/social room, café bar, business center and fitness center.

Marc Suarez of Hunt secured financing for the borrower, Boardwalk 280 LLC, through the U.S. Housing and Urban Development’s (HUD) 221 (d)(4) loan program. The borrowers have owned the land for more than 10 years.

To stay connected with multifamily news and trends we invite you to attend Connect Apartments at the JW Marriott in Los Angeles June 20, 2019.

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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