MIAMI, Fla. – August 1, 2019 – Regions Bank announced today that the Regions Miami Real Estate Banking office recently financed a $54 million loan for Miramar Phase II, the FCI Residential Corporation development of Catalina at Miramar, a 300-unit Class A townhouse community to be located in Miramar, Florida. The community will be built on a 32.9-acre site with an expected completion date of January 2022.
The project will consist of 180 two-bedroom units and 120 three-bedroom units in 36 two-story buildings of two types. The first type will consist of a traditional two-story townhome with one and two car garage options. The second building type will consist of two stories without a garage, with front-patio, back-to-back units, including spacious public courtyards and pedestrian walkways between buildings.
Amenities of the project will include a two-story community clubhouse, fitness center, yoga room, virtual fitness, business center, resort-style pool with outdoor kitchen, and café-style lounge area.
Regions Real Estate Banking is a team of four business groups – Real Estate Corporate Banking, Income Property Finance, Homebuilder Finance and Regions Affordable Housing – strategically assembled to meet the needs of professional real estate companies, developers and investors. Regions delivers competitive products with superior service marked by speed, certainty and creativity, leveraging the bank’s full capabilities to offer a wide range of integrated banking solutions to help real estate businesses succeed and grow.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $128 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest, and Texas, and through its subsidiary, Regions Bank, operates approximately 1,500 banking offices and 2,000 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.
