Shalimar at Davie Closes on $36.6M Loan

TM Real Estate Group has closed on a $35.5 million loan for the  newly completed 240-unit apartment complex Shalimar at Davie. Meridian Capital Group has provided the 10-year loan with a fixed interest rate of 4.04 percent and a full-term repayment schedule of interest-only payments.

 

The Shalimar at Davie is a rental community located in the heart of Davie at 4901 South University Drive. The property is a three-story multi-family development consisting of one-, two- and three-bedroom apartments and two-story townhouses. Rents range from $1,559 to $2,300. Read more.