Multifamily Construction | $10,000,000 | Brandon, FL
Trez Forman Capital has arranged a $10-million bridge loan that has facilitated the acquisition of land near the Westfield Brandon regional shopping center here that will be developed as a significant mixed-use project. The undeveloped property at the northeast corner of South Lakewood Drive and Brandon Parkway will have 600 multifamily units and 75,000 square feet of mixed-use buildings and stores on 55 acres, which is one of the largest remaining undeveloped parcels in Brandon.
The loan, which closed in early July, was arranged by Brett D. Forman, president/CEO of Trez Forman for Brandon Town Center Development Partners, LLC. Palm Beach, FL-based Trez Forman identifies the borrower as a multifamily housing developer and repeat borrower. The property sits less than one mile from Westfield Brandon, a regional shopping mall with more than 1 million square feet of stores and restaurants.