Prestige Companies Secures $60.7M Construction Loan For MultiFamily Property In Hialeah

The property involved in this transaction is a multi-family asset located at 2200 East 4th Avenue in Hialeah. It comprises 341 units with a total square footage of 566,280 and spans across 13 acres. The property is owned by Prestige Companies, represented by Alexander Ruiz as the landlord.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $60,747,728
• Lender: Centennial Bank - J.C. De Ona
• Landlord: Prestige Companies - Alexander Ruiz

This loan transaction involves a construction loan with a total amount of $60,747,728. The lender for this transaction is Centennial Bank, represented by J.C. De Ona. The loan will be utilized for the construction and development of the multi-family property located at 2200 East 4th Avenue in Hialeah.