Transactions

The $20,000,000 HUD-insured Section 223(f) financing carries a 35-year term and amortization, along with a low, fixed-rate. Constructed in 1999, Pembroke Park Apartments consists of 17 two-story garden-style apartment buildings and 244 income-restricted one-, two- and three-bedroom affordable housing units. Each apartment is equipped with modern amenities and finishes, walk-in closets, washer/dryer hookups, and screened-in balconies and patios. Residents have access to the gated community’s clubhouse and fitness center, pool, recreational facilities and on-site parking. Located in Broward County between downtown Fort Lauderdale and downtown Miami, the property offers easy access to Interstate 95 and the Florida Turnpike, as well as the Fort Lauderdale Hollywood International Airport, hospitals and medical centers, recreational facilities and shopping, and the Atlantic beaches.