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Florida & Gulf Coast  |  October 14, 2019
David Cohen
By: David Cohen

Walker & Dunlop Secures $35M Construction Loan for Emerald Coast MXU Project

Walker & Dunlop has secured a $35.4-million construction loan for Renaissance Santa Rosa, a nine-acre mixed-use project in Mary Esther.

Formerly a department store site adjoining the Santa Rosa Mall, the property will undergo a comprehensive redevelopment into a walkable, mixed-use community. Located between Pensacola and Panama City, the project will consist of four buildings with 229 residential units. The project is slated for completion in the fourth quarter of 2020.

Frank Baldasare, Heather Olson, Al Rex and Marty McGrogan of Walker & Dunlop secured the financing on behalf of the borrowers, Rea Ventures Group and Radiant Partners. Funds were secured through HUD’s 221(d)(4) construction program.

For comments, questions or concerns, please contact David Cohen

Read More News Stories About: Walker & Dunlop
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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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