Synovus Bank Provides $30M Construction Loan For 170-Unit Multifamily Property In Davie, FL

The multifamily property located at 5800 Reese Road in Davie has undergone a closed transaction. Spanning over 4.05 acres, the property consists of 170 units. The deal involved a construction loan amounting to $30,000,000 provided by Synovus Bank. ArchCo Residential, represented by Neil Brown, served as the landlord for this transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $30,000,000
• Address: 5800 Reese Road, Davie
• Market: Davie
• Units: 170
• Acres: 4.05

Neil Brown from ArchCo Residential played a significant role as the landlord in this transaction. Synovus Bank served as the lender, offering a construction loan for the property.