Centennial Bank Provides $60.7M Construction Loan For Flamingo Village Apartment Complex In Hialeah

Centennial Bank has provided a $60.7 million construction loan for Flamingo Village, a 341-unit apartment complex located at 2200 East Fourth Avenue in Hialeah, Florida. The development site spans 13 acres and is being led by Prestige Cos. and Brunetti Organization. The project is expected to be completed in the third quarter of next year.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $60,700,000
• Address: 2200 East Fourth Avenue, Hialeah
• Market: Hialeah
• Landlord: Prestige Cos.; Brunetti Organization - John Brunetti
• Lender: Centennial Bank
• Loan Type: Construction Loan

The development of Flamingo Village is a joint effort between Prestige Cos., Brunetti Organization, and Centennial Bank as the lender. The financing provided by Centennial Bank will support the construction of the 341-unit apartment complex on the 13-acre development site in Hialeah, Florida. With an expected completion in the third quarter of next year, Flamingo Village aims to meet the demand for high-quality residential units in the area.