Bolour Closes Land Acquisition Loan in a Shifting Market
Supporting future multifamily development in a growing area of Miami, Florida.
Location: 2323 NW 36th St., Miami, FL
Market: Metro Miami, FL Loan Amount: $2.3MM Loan Purpose: Acquisition Sector: Land Term: 12 Months
“While some lenders are exiting the market, BOLOUR continues to lend on a variety of opportunities, even in times of uncertainty. This loan allows our borrower to purchase one acre of land for future multifamily development. Situated in a developing area of metro Miami, just east of the sought-after Wynwood neighborhood, the site reflects our investment tradition – a decidedly infill location with diverse demographics and an influx of new residential and business demand. We are pleased to remain a trusted capital source for our clients.””