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

501 SouthWest 1st Court
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This MultiFamily property located in FL received a loan of $23,200,000 over 2 years ago.

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.

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Deals
  • Location
    501 Southwest 1st Court, Pompano Beach, FL, USA501 Southwest 1st Court, Pompano Beach, FL, USA
  • Loan Value
    $23,200,000$23,200,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Lender1 Lender

First Housing Development Corporation

First Housing Development Corporation

Lender
Deals1
Volume$ 0

Deal Summary

LOAN IMAGE: DATE: 07/19/2021 ADDRESS: 501 SW 1st Court MARKET: Pompano Beach ASSET TYPE: Multifamily LENDER: First Housing Development Corporation LANDLORD: The Cornerstone Group LOAN AMOUNT: $23,200,000 UNITS: 224 SF: 420,642

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