FLORIDA OPPORTUNITY ZONE DEVELOPMENT RECEIVES $50 MILLION CONSTRUCTION LOAN VIA WALKER & DUNLOP

摘要

Walker & Dunlop, Inc., one of the largest commercial real estate finance companies in the U.S., has structured $50,219,000 in financing for Mir-rorton Apartments, a 305-unit multifamily development in the downtown quarter of Lakeland, FL. Located near the historic quarter, the development is part of the ongoing revitalization of Downtown Lakeland. The developer, Framework Group, plans to utilize sustainable construction techniques to ensure the project will qualify for the National Green Building Standard designation. The property also includes an afford-ability component, with 15 units reserved for tenants earning 85% or below the Area Median Income. Situated on 13.6 acres, the garden-style community will feature ample common space, a clubhouse, fitness and yoga center, spa and sauna, game room, community kitchen, and business center. Additional amenities will include a resort-style pool, covered patio, grilling areas, a garden, and abundant green space.