Trez Capital grants $ 70 million construction loan for Block 40 multi-family project in South Florida

Block 40 is a 19-story project with 273 apartments and 20,779 square feet of retail space on the ground floor.

HOLLYWOOD, FL. – Trez Capital provided a $ 70 million construction loan for Block 40, a high-rise multi-family project located at 1818 Hollywood Blvd. in downtown Hollywood. The community will be located along the city’s famous Young Circle. The borrower, an entity doing business as Block 40 LLC, began construction.

Block 40 is a 19-story project with 273 apartments and 20,779 square feet of retail space on the ground floor. Apartments will have Class A finishes including stainless steel appliances, stone countertops, designer cabinetry, modern plumbing and light fixtures, breakfast bars, washers and dryers, and patios. Community amenities will include a rooftop swimming pool and terrace, fitness center, club room with kitchen, concierge, valet parking, WiFi in common areas, and 24-hour security. commercial space are undecided at the moment.

Trez Capital provides short-term debt and equity financing typically with terms of six to 36 months, ranging from $ 5 million to over $ 100 million in loan value. The firm has offices in Vancouver, Toronto, Montreal, Dallas, New York and Palm Beach, Florida.

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