First Housing Development Corporation Provides $23.2M Loan For Pompano Beach Multifamily

The multifamily property located at 501 SW 1st Court in Pompano Beach has recently undergone a loan transaction. First Housing Development Corporation provided a loan amount of $23,200,000 for this property. The asset consists of 224 units and spans a total area of 420,642 square feet.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $23,200,000
• Units: 224
• Square Feet: 420,642
• Address: 501 SW 1st Court, Pompano Beach
• Lender: First Housing Development Corporation

In this deal, The Cornerstone Group acts as the landlord. The transaction involves the apartment complex's loan, with First Housing Development Corporation serving as the lender.