Camilo Hasbun Of Sunexus Park LLLP Secures $4 Million Loan For Multifamily Development In Pompano Beach

The property is a multifamily asset located at 820 Northwest 9th Avenue in Pompano Beach. It consists of 15 units and covers a total area of 20,000 square feet. The loan amount secured for this development is $4,000,000, classified as a construction loan with terms extending over 30 years.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $4,000,000
• Address: 820 Northwest 9th Avenue
• Market: Pompano Beach
• Lender: US Century Bank
• Developer: Camilo Hasbun - Sunexus Park LLLP

Camilo Hasbun, as the developer, is driving the initiative for boutique affordable housing in Pompano Beach, aiming to create a better-designed and better-built product that residents can take pride in. The development is strategically located near Orange Bowl Field at Blanche Ely High School, allowing tenants to enjoy views of the games from their balconies.