Trammell Crow scores $66M construction loan for 338-unit apartment complex in Margate
Trammell Crow Residential scored a $66.4 million construction loan for a 338-unit apartment complex in Margate. The deal comes as financing for new South Florida residential projects continues to flow, despite elevated interest rates, slower lease-ups and other headwinds. Dallas-based Trammell Crow, the multifamily development arm of Crow Holdings, plans the apartment complex with five five-story buildings on a 9.2-acre vacant site at 785-795 South State Road 7 and an adjacent empty lot, according to records. The mortgage filing indicates the project will be under Trammell Crow’s Alexan multifamily brand. Trammell Crow bought the development site for $9.8 million from […]This article originally appeared on The Real Deal. Click here to read the full story.
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