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Developer: Seminole Heights is becoming attractive to investors
There’s a notable change in the attitudes of investors and lenders toward deals in Seminole Heights, says a development pioneer in the neighborhood.
Wesley Burdette, who converted an old warehouse into loft-style apartments, struggled to find a bank willing to take on his development in 2014. After talking to at least 10 other lenders, Burdette connected with Sunshine State Bank, which financed the project.
He was the sole equity investor in that project, The Warehouse Lofts, which is now leasing… …read more