BankUnited Provides $9 Million Loan For Atlantic Housing Partners Apartments

Jan 02, 2017 No Comments by

BankUnited announced it closed on a $9 million loan for the purchase of tax-exempt multifamily mortgage revenue bonds that will fund the construction of a 100 percent affordable housing apartment complex in Orlando. The Developer is Atlantic Housing Partners, L.L.L.P. of Winter Park. The project will be managed by Concord Management, Ltd.

Westwood Park Apartments will be constructed on a 12-acre parcel of land located at Westwood Boulevard and Harbor Vista Drive near SeaWorld Orlando. The rent- and income-restricted apartment complex will feature 178 units within six, three-story apartment buildings.

 

“BankUnited is pleased to be able to provide financing for another project developed by Atlantic Housing Partners, a valued and longtime client and leader in providing high-quality affordable housing throughout Central Florida,” said Patrick Fitzgerald, senior vice president, commercial real estate.

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Industry News, Multi-Family, NA
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