Lewis Swezy Of Centennial Management Secures $38.13M Loan For Development Site In Sunrise

The property asset involved is a development site located at 9220 Northwest 44th Street, Sunrise, comprising 4.8 acres. The transaction secured a loan amount of $38,130,000 designated for construction. This site will facilitate the creation of 120 fully affordable apartments in Broward County, under the Live Local Act initiative.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $38,130,000
• Market: Sunrise
• Asset Size: 4.8 acres
• Landlord: Lewis Swezy - Centennial Management
• Loan Type: Construction

Pine Island Park LLC, led by Centennial Management and Lewis Swezy, is responsible for securing the financing for this important project. The development will cater to households earning between 30% and 80% of Broward’s median income of $89,100, supported by public financing from various programs at the county, state, and city levels.