Wells Fargo funds construction of Waterway assisted living

Wells Fargo Bank provided a $21.17 million mortgage for the construction of the Waterway assisted living complex in Fort Lauderdale.

CHH-GD Fort Lauderdale Realty, an affiliate of Baltimore-based Capital Health Group, obtained the loan for its project at 2841 and 3001 E. Oakland Park Blvd. It acquired the 1.25-acre site, along the Intracoastal Waterway, for $3.95 million in 2013.

The developer recently started construction of the eight-story, 104-unit project.

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Story by: Brian Bandell – Mar 31, 2015, 9:47am EDT
Photo Courtesy: Scott Eells

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