Trez Forman Funds $10 Million Bridge Loan for 600-unit Multifamily Community in Tampa Bay Market

 

Brett  D. Forman

Brandon, FL  and Palm Beach, FL — A multifamily housing developer and repeat borrower has secured a $10 million loan from Trez Forman Capital to acquire and plan for development of a 600-unit apartment community in Brandon, Florida.

The property sits less than 1 mile from Westfield Brandon, a regional shopping mall with more than 1 million square feet of stores and restaurants.

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, one of the largest remaining undeveloped parcels in Brandon.

The project will be known as the Brandon Town Center.

The loan, which closed in early July, was arranged by Brett D. Forman, president/CEO of Trez Forman. The borrower is Brandon Town Center Development Partners, LLC.

Westfield Brandon, Brandon, FL

“Tampa's multifamily market is fundamentally sound and one of the top annual rent-growth metros in the nation. A booming economy and robust population gains have consistently fueled strong multifamily demand,” said Forman.

“With employment growth far outpacing the national average and future job projections expected to remain elevated, multifamily demand should remain high.”

CONTACTS: 

Todd Templin

Executive Vice President

BoardroomPR

ttemplin@boardroompr.com

O 954-370-8999

C 954-290-0810

Bank of America Plaza | 1776 N Pine Island Rd

Suite 320 | Fort Lauderdale, FL 33322

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or Eric Kalis

954-370-8999

ttemplin@boardroompr.com

 ekalis@boardroompr.com

www.trezforman.com.