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Lennar secures $56M loan to build Doral, Fla., apartments

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Lennar secures $56M loan to build Doral, Fla., apartments

Lennar Corp. obtained a construction loan worth $55.6 million from SunTrust for its 369-unit apartment project in Doral, Fla., The Real Deal reported, citing property records.

The project will be built on an 11-acre site at 10500 NW 78 St., which Lennar acquired for $21.7 million in 2017, according to the report.

The Miami-based homebuilder is also developing another apartment complex in Doral at 8560 NW 102nd Ave. The project will comprise 440 units, the Jan. 3 report added.