The transaction involves a development site located at 6017 Washington Street in Hollywood, Florida. This site will host the 115-unit Residences at Beverly Park affordable housing project, which is currently under construction. The financing secured for this project amounts to $38.7 million, with a mix of construction, bridge, and Freddie Mac loans. The project is supported by 9% Low-Income Housing Tax Credits (LIHTC) and is part of a broader regional effort to enhance affordable housing availability in the Miami area.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $38,700,000
• Lender: Regions Bank & Freddie Mac
• Landlord: Paul Greilich - NuRock Companies

This financing was arranged to support a notable initiative by NuRock Companies, which aims to address the growing demand for affordable housing in the region. The project is part of a significant increase in affordable housing deliveries in the Miami area, which saw a more than double increase in the first half of 2025.