Florida Community Bank loan jumpstarts development of Bonterra in Miami-Dade

Florida Community Bank loan jumpstarts development of Bonterra in Miami-Dade

CC Decvo Homes and BBX Capital Corp. will soon break ground on their Bonterra community in Hialeah after receiving a construction loan from Florida Community Bank.

The Weston-based bank (NYSE: FCB) gave the co-developers a $22.8 million increase in their mortgage, which now totals $31 million.

The developers are building 394 homes on the 59-acre site just west of Interstate 75 and north of Northwest 146th Street. CC Devco is led by veteran developers Armando Codina and Jim Carr. Fort Lauderdale-based BBX (NYSE: BBX) is the former parent company of BankAtlantic, which previously foreclosed on the site.

The single-family homes in Bonterra will range from 2,042 square feet to 2,388 square feet. The pre-construction prices are listed from $349,990 to $381,990.

See the photo for pictures of Bonterra’s model home.

The developer says it already has 68 pre-construction sales in Bonterra.

The community will include a clubhouse with fitness center, a game room, a banquet hall and a resort-style pool.

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Story by: Brian Bandell – Mar 18, 2015, 6:00am EDT
Photo Courtesy: Biz Journals

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