November 22, 2019 Comments Off on NKF Secures $29M Construction Loan for Daytona MF Property Views: 866 Florida News, North Florida, Top Florida

NKF Secures $29M Construction Loan for Daytona MF Property

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NKF has secured a $28.9 million construction loan for Enclave at 3230, a 256-unit multifamily complex in South Daytona.

Enclave at 3230 is a proposed luxury multifamily intracoastal development located two miles from the Atlantic Ocean with views of the Intracoastal.  The subject will be built in an opportunity zone.

Matthew Williams, Kyle Schlitt and James Maynard of NKF secured the financing on behalf of a joint venture among Tequesta Development Group, an affiliate of Integra Land Company and an undisclosed third party. Hancock Whitney Bank provided a four-year construction loan. Additional terms of the loan were not disclosed.

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