Popular on Rezul
- 11th annual Florida Blueberry Festival April 26 & 27, 2025 - 131
- Village Vapes and Cooking 4 Autism Announce Inaugural Partnership at MEGA 420 EVENT - 117
- Family Office Real Estate Institute Announces Exclusive Investment Forum - 101
- Felician Sisters of North America Announce Partnership with City of Livonia
- Fairfield Inn by Marriott Scottsdale Old Town Opens
- MAJOR New release of Krypto500 (ELF-HF) Sigint - COMINT software
- New Build-to-Suit VA Medical Office Facility Coming to Highland Heights, KY
- Thrive Cannabis Marketplace Opens New Main Street Dispensary in Las Vegas Arts District
- Baltimore Author Crafts Space Opera Where Human Questions Outshine Galactic Scale
- Liquified Solutions a featured exhibitor at the 2025 Senior Living Executive Conference
Similar on Rezul
- Well maintained 3 bed, 2 bath home offering stunning curb appeal - for sale in Coon Rapids!
- Discover lakeside living in the Horseshoe Shores community on Long Lake in Richmond!
- Water Willow Realty Celebrates One Year of Growth and Vision
- Aureli Construction Sets the Standard for Seamless Home Additions in Greater Boston
- Harvest Properties Acquires Two San Francisco Bay Area Self Storage Facilities for $44.2 Million
- Georgia's Traditions of Braselton to Host Spring Open House Event
- Flexi-View Lending Closes $5.05 Million Residential Acquisition Loan in Billings, Montana
- Data Driven Design Turns Toronto Houses into Smart Fourplexes
- Maui Luxury Real Estate Shares May Properties for Sale!
- Big Sky Acquires Lake Pointe Medical Plaza
NSD Partners Arranges $68.8 Million Financing of 272-unit Multifamily Asset in Florida
Rezul News/10620206
ORLANDO, Fla. - Rezul -- NSD Partners, an Orlando-based Real Estate Services Firm, announced today the Company has closed on $68.8 million of financing for the development of Eastshore Apartments, located at 2361 Commerce Park Drive NE in Palm Bay, FL. Collier's Capital Markets and Structured Finance team helped arrange a senior loan with American Momentum Bank.
The 272-unit apartment complex is scheduled to be completed in March 2025 and will offer one-, two- and three-bedroom units ranging from 824 to 1,250 Square Feet. Individual unit features will include Stainless Steel Appliances, Granite Countertops, Eat-In Kitchen, Under-Mounted Sinks, Balcony, Walk-In Closets, Tub/Shower, Range, Washer/Dryer, LED Lighting, Ceiling Fans, Custom Cabinetry, and 5G Capable Fiberoptic Infrastructure. Community amenities will include a 24-Hour State-of-the-Art Fitness Center and a Clubhouse Designed by Award-Winning Interior Designers including Resort-Style Swimming Pool, Conference Rooms, Business Center, Outdoor Grilling Area, Gaming Center, Dog Park, Elevators and Electric Car Charging Stations.
More on Rezul News
This project will break ground as its sister project, Westshore Apartments (https://westshorepalmbay.com/) with 248 units, has just begun lease-up and is situated to be the premier project in the Bayfront Region. Eastshore will be the third mixed-use residential project in Palm Bay for Northshore Development. The Project is strategically located near the city's largest employers and major defense contractors such as Raytheon, Northrup Grumman, Intersil, L3Harris, Lockheed Martin and more. "Robust employment growth among highly skilled and high-wage jobs paired with resilient market dynamics has led to sustained success in our first two projects here. We couldn't be more excited to continue creating value in this market for the City of Palm Bay, our residents, and partners," said Adam Frocione, Vice President of Development at Northshore Development.
"Northshore Development is surpassing a milestone with the financing of Eastshore Apartments that solidifies a portfolio of more than 1,000+ apartments built or under construction in the State of Florida since our founding," said Andrew Steel, Founding Partner at Northshore Development.
More on Rezul News
About NSD Partners
NSD Partners, headquartered in Orlando, Florida is a boutique full service real estate firm. The company provides a comprehensive range of capital solutions for all commercial real estate asset classes, as well as investment sales brokerage services. NSD Partners originated in 2019 and since then has been one of the fastest growing firms in Florida having completed nearly $300 million in property financing and sales volume since 2019. Offices located in Orlando and West Palm Beach.
About Northshore Development
Northshore Development is a mid-market, mixed use and apartment development firm that focuses on Florida's growing apartment rental market. The Northshore team has built over 20,000 units in their combined career and financed over $5 billion of real estate assets. They currently maintain a pipeline of approximately 1,800 units in pre-development.
www.NSDPartners.com
The 272-unit apartment complex is scheduled to be completed in March 2025 and will offer one-, two- and three-bedroom units ranging from 824 to 1,250 Square Feet. Individual unit features will include Stainless Steel Appliances, Granite Countertops, Eat-In Kitchen, Under-Mounted Sinks, Balcony, Walk-In Closets, Tub/Shower, Range, Washer/Dryer, LED Lighting, Ceiling Fans, Custom Cabinetry, and 5G Capable Fiberoptic Infrastructure. Community amenities will include a 24-Hour State-of-the-Art Fitness Center and a Clubhouse Designed by Award-Winning Interior Designers including Resort-Style Swimming Pool, Conference Rooms, Business Center, Outdoor Grilling Area, Gaming Center, Dog Park, Elevators and Electric Car Charging Stations.
More on Rezul News
- NBA Champion Lamar Odom Launches Anti-Addiction Meme Coin, Ushering in a Disruptive Innovation in Web3
- Aureli Construction Sets the Standard for Seamless Home Additions in Greater Boston
- Harvest Properties Acquires Two San Francisco Bay Area Self Storage Facilities for $44.2 Million
- Georgia's Traditions of Braselton to Host Spring Open House Event
- ScreenPoints Puts Film Investors in the Credits—and in the Money With New FinTech Platform
This project will break ground as its sister project, Westshore Apartments (https://westshorepalmbay.com/) with 248 units, has just begun lease-up and is situated to be the premier project in the Bayfront Region. Eastshore will be the third mixed-use residential project in Palm Bay for Northshore Development. The Project is strategically located near the city's largest employers and major defense contractors such as Raytheon, Northrup Grumman, Intersil, L3Harris, Lockheed Martin and more. "Robust employment growth among highly skilled and high-wage jobs paired with resilient market dynamics has led to sustained success in our first two projects here. We couldn't be more excited to continue creating value in this market for the City of Palm Bay, our residents, and partners," said Adam Frocione, Vice President of Development at Northshore Development.
"Northshore Development is surpassing a milestone with the financing of Eastshore Apartments that solidifies a portfolio of more than 1,000+ apartments built or under construction in the State of Florida since our founding," said Andrew Steel, Founding Partner at Northshore Development.
More on Rezul News
- Pathways to Adulthood Conference May 17 at Melville Marriott Honoring NYS Assembly Member Jodi Giglio, Suffolk County Legislator Nick Caracappa
- Adster Techologies awarded US Patent for breakthrough innovation in reducing latency in Ad Serving
- Flexi-View Lending Closes $5.05 Million Residential Acquisition Loan in Billings, Montana
- Robert Fabbio Inducted into the Austin Technology Council Hall of Fame
- Data Driven Design Turns Toronto Houses into Smart Fourplexes
About NSD Partners
NSD Partners, headquartered in Orlando, Florida is a boutique full service real estate firm. The company provides a comprehensive range of capital solutions for all commercial real estate asset classes, as well as investment sales brokerage services. NSD Partners originated in 2019 and since then has been one of the fastest growing firms in Florida having completed nearly $300 million in property financing and sales volume since 2019. Offices located in Orlando and West Palm Beach.
About Northshore Development
Northshore Development is a mid-market, mixed use and apartment development firm that focuses on Florida's growing apartment rental market. The Northshore team has built over 20,000 units in their combined career and financed over $5 billion of real estate assets. They currently maintain a pipeline of approximately 1,800 units in pre-development.
www.NSDPartners.com
Source: NSD Partners LLC
Filed Under: Real Estate
0 Comments
Latest on Rezul News
- ABM for Good™ Launches First Project with Build Change
- ImagineX, in Collaboration with Qualys, Launches New mROC Services to Transform Enterprise Cyber Risk Management
- Ditch Micromanagement: New Leadership Book for Results-Driven, Accountability-Based Teams
- Jay Tapp was named Managing Director in British Columbia
- Hubei Heavy Equipment Makes a Striking Appearance at CIMT and Competes with International Brands
- 20 Patents Issued Worldwide, Cementing Company Leadership. First Ever Cable-Free 12-Lead ECG: HeartBeam, Inc. (Stock Symbol: BEAT)
- NASDAQ Uplisting for Higher Market Exposure and Wide Corporate Benefits to AI Boosted Marketing Company On Track Towards $1 Billion Revenue by 2027
- Corner Property Management Expands Portfolio with Landmark East Cooperative in Ridgefield Park, NJ
- Congressional Men's Health Caucus Shows Bipartisan Consensus and Focus on Prevention, Mental Health, and Closing the Lifespan Gap
- DuoKey, Axiomtek and Blue Edge Network Partner to Enhance Smart Cities with Privacy-Preserving Urban Safeguarding and Fleet Management
- Lakewood Ranch Office Sells for $3.425M to McLeod Land Services for Corporate HQ
- Corner Property Management Welcomes Andrew C. Batshaw as Director of Client Services
- Will McIntosh, Ph.D. Retires From Affinius Capital; Mark Fitzgerald Named Head of Research
- Austin Keen Joins WakeFX RopePal as Official Brand Ambassador
- Bonelli Systems Expands Managed IT Services Nationwide, Leveraging Microsoft Azure Expertise
- $4.3 Million Patent Application Waiver Fee Granted by FDA on New Drug Application Fee for Treatment Addressing Suicidal Depression & PTSD: NRX Pharma
- Whistleblower Claims Dental Patient Deaths Likely Due to Book Ban
- xREnergy up as much as +3,094,634% on first day listed on the XRP Ledger. Ticker : $XRE
- Psychiatry's Legacy of Racism and Coercion Highlighted in Restraint Deaths
- New Book 'Cybersecurity Leadership' Guides SME Leaders to Make Smart, Strategic Security Decisions