Lending Bankers Mortgage Provides $58.78M Construction Loan For Entrada Paramount Apartments

The Class A Rental Residential Development located at 3940-3990 Village Del Mar Circle in Cape Coral, Florida spans 15.41 acres with a total building area of 228,000 square feet, encompassing 240 units. The property, owned by Entrada Paramount Apartments, is set to be developed into one of Cape Coral's premier rental communities.

Summary of transaction details:

• Property Type: Class A Rental Residential Development
• Transaction Amount: $58,780,000
• Location: 3940-3990 Village Del Mar Circle, Cape Coral, FL 33909
• Market: City of Cape Coral, Florida
• Asset Type: Class A Rental Residential Development
• Acres: 15.41
• Building Square Footage: 228,000
• Total Square Footage: 671,259

David Otero of Lending Bankers Mortgage successfully facilitated a construction loan of $58,780,000 with Trez Capital for Entrada Paramount Developers. The project, situated at the intersection of Porto Vista and De Navarra Parkway, will house a 240-unit multifamily rental community in Lee County, Florida. For commercial loan inquiries, individuals can contact David Otero or Danny Perez at 786-220-1100.