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.
Ubicación: West Miami, FL
Tipo de inmueble: Triplex Townhome Development
Fecha de Terminación: sep 2026
Superficie total: 8,000-9,000 SF
Préstamo: $4,700,000
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.
Ubicación: Pinecrest, FL
Tipo de inmueble: Spec Home Development
Fecha de Terminación: mar 2025
Superficie total: 6,988 SF
Préstamo: $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.
Ubicación: Homestead, FL
Tipo de inmueble: MFR Development
Fecha de Terminación: mar 2026
Superficie total: 3.74 AC
Préstamo: $6,750,000
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.
Ubicación: Naples, FL
Tipo de inmueble: Spec Home Development
Fecha de Terminación: may 2025
Superficie total: 5,325 SF
Préstamo: $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.
Ubicación: Miami, FL
Tipo de inmueble: Spec Home Development
Fecha de Terminación: oct 2025
Superficie total: 8,104 SF
Préstamo: $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.
Ubicación: Miami, FL
Tipo de inmueble: Spec Home Development
Fecha de Terminación: ago 2025
Superficie total: 3,181 SF
Préstamo: $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.
Ubicación: Gainesville, FL
Tipo de inmueble: MFR Development
Fecha de Terminación: jun 2026
Superficie total: 79,416 SF
Préstamo: $17,000,000
