BankUnited has provided more than $145 million in loans for CED Cos., which specializes in building affordable multifamily communities, and its affiliate Concord Management Ltd.
The refinancing announced Wednesday is secured by 10 multifamily rental properties with a total of more than 3,000 units, as well as the Maitland headquarters of Concord Management. The multifamily properties are in Orlando, Oviedo, Kissimmee, Sanford and Daytona Beach. Many of the loans qualify for CRA credit based on the income-and rent-restricted nature of the properties.
