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.
2026 Ongoing Projects
2026 Ongoing Projects
2965 Shipping Ave
$1.9M was granted to construct a 2-unit duplex project in Coconut Grove. The two buildings will both have a gross area of 3,335 SF, including terraces, balconies, and a one-car garage. The units will each have 4 bedrooms and 4 bathrooms featuring high-end finishes.
Location: Miami, FL
Property Type: 2-Unit Duplex Development
Completion Date: Mar 2026
Total Square Footage: 6,670 SF
Loan: $1,915,000
608 Investments
$3.7M was funded to raze the current SFR onsite and construct a 3-story, 24-unit MFR, consisting of 21 studio units and (3) 1-bed/1-bath units ranging in size from 470-695 SF. A rooftop terrace will also be a part of the building.
Location: Miami, FL
Property Type: MFR Development
Completion Date: Mar 2026
Total Square Footage: 7,150 SF
Loan: $3,650,000
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 2026
Total Square Footage: 8,000-9,000 SF
Loan: $4,700,000
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: Mar 2026
Total Square Footage: 3.74 AC
Loan: $6,750,000
Third Lake
$59M was funded to develop 6 climate-controlled, self-storage facilities across Florida, South Carolina, and Georgia, ranging from 82,305 SF to 122,025 SF. Total units at each location will range from 746 units to 1,022 units.
Location: Multiple locations across Florida, South Carolina, and Georgia
Property Type: Self-Storage Development
Completion Date: May 2026
Total Square Footage: Ranging from 82,305 SF to 122,025 SF
Loan: $59,000,000
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: Jun 2026
Total Square Footage: 79,416 SF
Loan: $17,000,000
