SunTrust Bank Lends in Florida

SunTrust Bank just announced it provided $28.6 million in financing for the Imperial Club Tower in Aventura. Florida. Imperial Club has both assisted living and independent living services totaling 214 units. Part of the funding will be used for renovations and a 10,000 addition to the main level, in addition to enhancing the major common areas throughout 2019. No residents will be displaced. The seller was Affordable Community Housing Trust Alpha and Silver Tree Residential, LLC will be the manager.

 

 

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