2023-07-17 09:42:31 ET
- First Citizens Bank has announced that its Real Estate Finance group, provided $40M in construction financing to a joint venture between Grandview Partners and Crosland Southeast for the development of Evelyn City Lofts apartments located in Tampa, Florida.
- The to-be-built multi-family apartment complex, located in the emerging Seminole Heights neighborhood, will consist of 245 residential units, including 25 affordable housing units, and a five-story covered parking garage.
- This transaction is another demonstration of the value that First Citizens' financing capabilities provide for real estate investors and developers.
- "The outstanding location of this property and the increasing demand for residences in this market made this an attractive investment," said Yates Dunaway, senior VP of Crosland Southeast.
For further details see:
First Citizens provides $40M in financing for Florida apartment complex development