PNC Bank Provides $66.61M Construction Loan To White Oak Development For Plantation Multifamily Project

The asset involved is a development site located at 321 North University Drive in Plantation, encompassing 5.7 acres. The site has been designated for a multifamily project comprising 297 units, with a loan amount of $66,610,000 secured for its construction. The land was acquired for $8.5 million in 2025.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $66,610,000
• Asset Address: 321 North University Drive
• Market: Plantation
• Acres: 5.7
• Lender: PNC Bank
• Landlord: Andy Burnham - White Oak Development
• Loan Type: Construction

PNC Bank provided financing for this eight-story development, which will feature 16 live/work units, along with various amenities, including a fitness center, coworking lounge, theater room, pickleball courts, and a pool deck. This project represents the final parcel of the 27-acre mixed-use development at Plantation Walk.