Banesco Bank Provides $78 Million Construction Loan For Multifamily Property In Davie

The property asset involved in this transaction is located at 5079 Southwest 48th Street in Davie. It is classified as a multifamily asset, consisting of 347 units and encompassing a total square footage of 256,109. The loan amount secured for construction purposes is $78,000,000, provided by Banesco Bank.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $78,000,000
• Units: 347
• Square Feet: 256,109
• Address: 5079 Southwest 48th Street
• Market: Davie
• Lender: Banesco Bank
• Landlord: Ignacio DuQuesne, Jeffrey Ardizon, Robert Suris & Alejandro Arrieta - The Estate Companies

This transaction involves key individuals including Ignacio DuQuesne, Jeffrey Ardizon, Robert Suris, and Alejandro Arrieta, who represent The Estate Companies as the landlords in this construction loan deal.