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First Housing Originates $31.6 Million in Construction Financing for Lenox at Bloomingdale

Posted on: August 1st, 2018 by Anne Gehlsen No Comments

First Housing originated $31,691,000 in permanent, fixed-rate debt through its HUD/FHA 221(d)(4) program for the construction of Lenox at Bloomingdale, a 240-unit apartment community in Riverview, FL. The loan features a 40-year term and 40-year amortization with a fixed interest rate of 3.80 percent. Lenox at Bloomingdale includes ten residential buildings of three stories and a clubhouse that  includes amenities such as a fitness center, game lounge, business center and an internet café with coffee bar. Additional amenities include a swimming pool, outdoor kitchen, bike storage, pet park and walking trails. Units have one to three bedrooms and average 996 square feet in size.

Lenox at Bloomingdale was developed by The Richman Group Development Corp. and constructed by First Florida.

Senior Vice President Scott Moreman originated the loan.


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