First American Bank’s Commercial Real Estate team finances properties in Illinois, Wisconsin and Florida and can help your projects come to fruition. See some of our in-progress projects below.
2024 Ongoing Projects
2024 Ongoing Projects
Canarias Subdivision
$4.7M was funded to develop three two-story triplex buildings in West Miami. The buildings will range from 2,661 to 3,129 SF. End units will have a two-car garage and middle units will have a two-car carport along with balconies accounting for an additional 600 SF. Phase I is complete.
Location: West Miami, FL
Property Type: Triplex Townhome Development
Completion Date: Sep 2025
Total Square Footage: 8,000-9,000 SF
Loan: $4,700,000
S Blvd Townhomes
$6.7M was granted for the development of seven luxury townhome units in the Hyde Park area of Tampa. The models will range from 3,217 to 3,666 SF, and the construction of each unit will provide for 3 bedrooms, 3.5 bathrooms, and a two-car garage.
Location: Tampa, FL
Property Type: Spec Home Development
Completion Date: Apr 2024
Total Square Footage: 22,519 SF
Loan: $6,705,000
Jax Industrial Two
$16.5M was granted for the development of three industrial buildings of various sizes. Each building will be broken down into 6,000-SF units with three loading docks and ceiling heights of 26 feet. 80% of costs were funded with this transaction.
Location: Jacksonville, FL
Property Type: Industrial Development
Completion Date: May 2024
Total Square Footage: 138,000 SF
Loan: $16,491,000
Midcentury III
$2.6 was granted to assemble a luxury single family home in Pinecrest, FL, for a first-time customer of the bank, but a long-time RE developer. The home will consist of 5 bedrooms, 6.5 bathrooms, a library, three-car garage, outdoor kitchen, and pool.
Location: Pinecrest, FL
Property Type: Spec Home Development
Completion Date: Dec 2024
Total Square Footage: 6,988 SF
Loan: $2,600,000
Palm Villas
$6.8 M was committed to the third phase of construction for the Palm Villas development. Phases one and two have been completed and termed out. This construction request will include a third building including 34 multi-family units. 75% of costs were funded.
Location: Homestead, FL
Property Type: MFR Development
Completion Date: Nov 2025
Total Square Footage: 3.74 AC
Loan: $6,750,000
Lot 90 North Beach
$2.1M was granted to complete a luxury single-family home in the Eastern Shores neighborhood of North Miami Beach. The waterfront lot will consist of 6 bedrooms, 6.5 bathrooms, a two-car garage, covered patio with an outdoor kitchen, and an 80-foot dock.
Location: North Miami Beach, FL
Property Type: Spec Home Development
Completion Date: Jun 2024
Total Square Footage: 4,845 SF
Loan: $2,100,000
7718 LLC
$2.1M was funded to build a luxury single-family home in the Roads neighborhood of Miami. The property will consist of 4 bedrooms and 3 bathrooms with a roof deck as well as a pool in the backyard. This is the third loan we have financed for the customer.
Location: Miami, FL
Property Type: Spec Home Development
Completion Date: May 2024
Total Square Footage: 4,784 SF
Loan: $2,090,000
4534 Sheridan
$2M was granted to raze the currently owned property and construct a modern single-family home on the lot in Miami Beach, FL. The property will consist of 5 bedrooms, 6.5 bathrooms, a two-car garage, and an outdoor kitchen.
Location: Miami Beach, FL
Property Type: Spec Home Development
Completion Date: Aug 2024
Total Square Footage: 3,759 SF
Loan: $2,000,000
Biscayne Gardens
$10.3M was committed to develop two multifamily residential buildings. The first, a 60-unit, 41,640-SF MFR building, is composed of both 2-bed and 1-bed units. Additionally, a 6,924-SF, 2-story townhome building composed of six units will be constructed.
Location: North Miami, FL
Property Type: MFR/Townhome Development
Completion Date: Oct 2024
Total Square Footage: 56,751 SF
Loan: $10,300,000
Broad Ave
$5.9M was granted for the construction of a luxury single-family home in South Naples, FL. The property will consist of 5,325 SF with 4,162 under air, including 5 bedrooms and 5 bathrooms, an outdoor living area, pool, spa, and a three-car garage.
Location: Naples, FL
Property Type: Spec Home Development
Completion Date: May 2025
Total Square Footage: 5,325 SF
Loan: $5,879,000
West Trade LLC
$2.9M was granted for the development of a luxury duplex home totaling 8,104 total SF. Unit A will consist of 3,974 SF and Unit B will consist of 4,128 SF. Both properties will be located in the Coral Gables neighborhood.
Location: Miami, FL
Property Type: Spec Home Development
Completion Date: Nov 2024
Total Square Footage: 8,104 SF
Loan: $2,865,000
VG2268
$1.2M was granted for the development of a single-family home in the New Shenandoah area of Miami. The property will consist of a 3,181-SF home with 4 beds and 3.5 baths. The property will also include a carport, outdoor terrace, and a swimming pool.
Location: Miami, FL
Property Type: Spec Home Development
Completion Date: Aug 2024
Total Square Footage: 3,181 SF
Loan: $1,187,000
Oak Gate Development
$17M was committed for the development of four 24-unit multi-family buildings. 79% of costs were funded, and the buildings will be completed in four phases. Borrower anticipates the buildings done and leased within 16 months of commencing the project.
Location: Gainesville, FL
Property Type: MFR Development
Completion Date: Mar 2025
Total Square Footage: 79,416 SF
Loan: $17,000,000
