Sep 6, 2019
The IMN Opportunity Zone Forum is being held in Chicago on September 19th. Listeners of the podcast can use code NSCM20 when registering for a 20% discount
It was recently announced that PTM Partners and Estate Investments Group secured a $55 million construction loan to build an 18-story apartment project in an Opportunity Zone. The development group also secured about $18 million in mezzanine financing in addition to the construction loan.
The developers are building a 360-unit multifamily building in Miami near the Miami Central train station. The deal marks one of the first construction loans given to an Opportunity Zone project in South Florida.
Joining the podcast to discuss Opportunity Zones is Brad Molotsky, attorney and partner at Duane Morris. Brad practices in the area of real estate law and is co-head of the firms Opportunity Zones practice group.