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Florida & Gulf Coast  + Finance  |  November 22, 2019
David Cohen
By: David Cohen

NKF Secures $29M Construction Loan for Daytona MF Property

NKF has secured a $28.9 million construction loan for Enclave at 3230, a 256-unit multifamily complex in South Daytona.

Enclave at 3230 is a proposed luxury multifamily intracoastal development located two miles from the Atlantic Ocean with views of the Intracoastal.  The subject will be built in an opportunity zone.

Matthew Williams, Kyle Schlitt and James Maynard of NKF secured the financing on behalf of a joint venture among Tequesta Development Group, an affiliate of Integra Land Company and an undisclosed third party. Hancock Whitney Bank provided a four-year construction loan. Additional terms of the loan were not disclosed.

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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