BBX, Label break ground on Broward residential project with $13M loan

BBX Capital Real Estate and Label & Co. broke ground on a townhouse community in Pembroke Pines after obtaining a $12.95 million construction loan. TD Bank awarded the mortgage, consisting of a $8.65 million resolving construction note and a $4.3 million development note, to Chapel Grove LLC. The developer is a joint venture between the…read more.