Seminole Financial Services Provides $15.85 Million in Mezzanine Financing for Cottages of Huntsville – Huntsville AL

Belleair Bluffs, FL (April 9, 2020)

Seminole Financial Services announces today the closing of a mezzanine loan in the maximum amount of $15.85 Million to fund the construction of of Cottages of Huntsville. (“The Cottages”) is a low-density multifamily development that will sit on approximately 25+ acres of land on Old Monrovia Road in Huntsville, AL. The site plan for this development incorporates a “new urbanism” style neighborhood with sidewalks and pedestrian-friendly features. This cottage community will be comprised mostly of single- story attached homes each with its own private yard, a centralized clubhouse, and resort-style pool.

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