Here’s all the latest from CREI Holdings
[Seniors Housing Business] CREI Holdings Receives $67M Construction Loan for Affordable Project in Metro Miami
Seniors Housing Business reports CREI Holdings secured a $67 million construction loan from Centennial Bank to build the 8-story, 328-unit Li’l Abner III affordable/workforce housing project in Sweetwater, Florida, with construction starting in Q2 2024 and completion expected in Q2 2026. The project will have a mix of units aimed at households earning 80-120% of area median income, with nearly 40% reserved for residents aged 55 and older.
[The Real Deal] CREI Holdings lands $67M construction loan for Sweetwater apartment building
The Real Deal reports CREI Holdings secured $67M in construction financing from Centennial Bank for a 326-unit multifamily project called Li’l Abner III in Sweetwater. The eight-story building will offer one- and two-bedroom workforce and affordable housing apartments with plans to break ground next quarter and completion expected in 2026.
[CBS News] Children gifted trip to Disney World
VIDEO: The Li’l Abner Foundation and its founder Raul Rodriguez took 50 low-income, medically fragile children to Disney World for a once-in-a-lifetime, magical experience! All 200+ kids, parents, nurses, and volunteers ventured on the three-day trip from Miami to Orlando to make this free journey happen for the seventh year.