Found just north of the white sand beaches along the Gulf Coast, this loan finances the acquisition and development of a 45-acre site entitled for 99 single-family lots in Crestview, Florida. Crestview, known as the "Hub City" due to its strategic location at the convergence of three major highways, serves as a vital transportation and commercial center. The city's economy is bolstered by its proximity to Eglin Air Force Base, contributing to a strong military presence and related industries. Crestview also offers various recreational opportunities, including parks and outdoor activities, reflecting its commitment to providing a high quality of life for residents. The loan was finalized in June 2024.
June 2024
99 Single-Family Lots
$3,900,000