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Groundbreaking ceremony held in Opa-Locka for workforce housing development
A groundbreaking ceremony was held at the site of a new housing project in Opa-Locka. Opa-Locka Mayor John H. Taylor Jr. and city commissioners gathered with developers on Thursday to unveil the multi-family development in the area of Northwest 138th Street and 22nd Avenue.
Redwood National Properties building Mosaic apartments in Opa-locka
Redwood National Properties broke ground on an apartment complex in Opa-locka as it aims to ramp up development of multifamily for working-class residents. The Miami-based developer, a subsidiary of private equity firm BAS Holdings, is building the 98-unit, five-story Mosaic apartments at 13800 N.W. 22nd Ave. The developer, through affiliate Redwood Mosaic Development LLC, purchased the 2.1-acre property along a canal for $1.75 million in 2021.
Sol-REIT Secures a Warehouse Credit Facility Led by Amerant Bank to Support Clean Energy Developers
Sol-REIT, which is revolutionizing clean energy financing through innovative construction-to-permanent loans leveraging a mortgage REIT model, has secured a substantial credit facility with a leading financial institution committed to environmental change.
Sol-REIT Provides $9 Million in Refinancing to Solar Developer
Sol-REIT, the first and only firm seeking to bring mortgage REITs (real estate investment trust) to the renewable energy market, is funding a portfolio of projects that provides three school districts in New Jersey communities with clean, renewable energy at a savings of up to 72 percent compared to the state’s average energy costs.
Sol-REIT Closes a Term Loan for a New Jersey Solar Project
Sol-REIT, LLC today announced the closing of a term loan refinancing of the Inspira solar project in southern New Jersey. With the closing of this loan, Sol-REIT will be moving quickly to execute upon its $300 million and growing loan origination pipeline of construction-to-permanent loan financing opportunities for middle-market solar projects across the United States.
Developers land $19M construction loan for Opa-locka affordable housing
A joint venture closed on a $19 million construction loan for a $26 million Opa-locka development geared toward affordable housing. Redwood National Properties, a subsidiary of BAS Holdings Investments, in a joint venture with Winston Capital Partners, paid $5 million for a 10-acre site at 1719 Northwest 143rd Street within the existing Mirage at Sailboat Cove, according to a release.
Miami lacks affordable housing. A developer is feeding the demand with a $26M project
With an affordable housing problem in South Florida, and the pandemic expected to make it worse, a South Florida development firm wants to meet some of the demand. Redwood National Properties, an affiliated company of Wynwood-based BAS Holdings, is moving forward with a $26 million affordable housing project in Opa-locka after receiving a $19 million construction loan. DWNTWN Realty Advisors helped close the loan from City National Bank of Florida on Monday. The project will be the firm’s first development in South Florida.
RevOZ Capital Closes New Opportunity Zone Investment in Downtown Sacramento
RevOZ Capital (RevOZ), a leading real estate private equity investment firm specializing in Opportunity Zones, has formed a joint venture with Argosy Real Estate Partners to acquire an approximately 127,000 square-foot office building in downtown Sacramento, CA. The redevelopment reflects the continued emergence of the Downtown Commons ("DoCo") district and is the latest in a series of investments by the firm in historically undercapitalized communities.
