Noam Ziv Of El-Ad National Properties Secures $85M Loan For Development Site In Davie

The development site located at 4801-4999 South State Road 7 in Davie encompasses 8.2 acres. El-Ad National Properties has secured an $85 million construction loan from Valley National Bank for the first phase of the project, which involves 292 apartment units. The overall site has the approval for 1,256 apartments, alongside 36,000 square feet of retail space and 2,650 parking spaces.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $85,000,000
• Lender: Valley National Bank
• Landlord: Noam Ziv - El-Ad National Properties

Noam Ziv represents El-Ad National Properties in this transaction, highlighting the involvement of the entity in the development of The District, an initiative set to enhance the residential and retail landscape in Davie.