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UMB Bank Provides $65.9M Loan For 2.74-Acre Development Site In Coral Springs

3300 University Drive
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This Development Site property located in FL received a loan of $65,930,000 almost 3 years ago.

A development site located at 3300 University Drive in Coral Springs has been involved in a recent loan transaction. The property spans over 2.74 acres and consists of 351 units. The transaction took place on May 25, 2021.

Summary of transaction details

  • Property Type: Development Site
  • Loan Amount: $65,930,000
  • Address: 3300 University Drive, Coral Springs
  • Market: Coral Springs
  • Units: 351
  • Acres: 2.74

UMB Bank provided the loan for this transaction. The landlord of the property is Mill Creek Residential, represented by William C. MacDonald and Charles Bay.

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Deals
  • Location
    3300 North University Drive, Coral Springs, FL, USA3300 North University Drive, Coral Springs, FL, USA
  • Loan Value
    $65,930,000$65,930,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    1 Lender1 Lender

UMB Bank

UMB Bank

Lender
Deals11
Volume$ 1.2B

Deal Summary

LOAN IMAGE: Charles Bay & William C. MacDonald DATE: 05/25/2021 ADDRESS: 3300 University Drive MARKET: Coral Springs ASSET TYPE: Development Site ~ UNITS: 351 ~ ACRES: 2.74 LENDER: UMB Bank LANDLORD: Mill Creek Residential - William C. MacDonald & Charles Bay LOAN AMOUNT: $65,930,000

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