“We are very excited to bring this project to fruition and fill a much needed void in the city of Hialeah,” states Jeffrey Ardizon, principal at the Estate Cos.
April 13, 2021 at 09:50 AM
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Multifamily developer the Estate Cos. has secured $29.5 million in construction financing for the multifamily conversion of a former Ramada Inn in Hialeah.
Centennial Bank provided $22.5 million in construction financing and LV Lending provided a $7 million mezzanine loan. The financing closed on April 9.
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The now-closed Ramada Hotel at 1950 W. 49 St. in Hialeah, Florida, which will be transformed into a 251-unit, garden-style apartment community with 5,522 square feet of commercial space. Credit: Google
