First citizens provides $40 million in financing for florida apartment complex development

New york , july 17, 2023 /prnewswire/ -- first citizens bank today announced that its real estate finance group, part of the cit division, provided $40 million in construction financing to a joint venture between grandview partners and crosland southeast for the development of evelyn city lofts apartments located in tampa, florida. the to-be-built multi-family apartment complex, located in the emerging seminole heights neighborhood, will consist of 245 residential units, including 25 affordable housing units, and a five-story covered parking garage.
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