FINANCIAL_SERVICESRECOMMENDED

R4 to Finance Taxable Series B Construction Note

R4 will acquire the $13.5 million Taxable Series B Note for the Crossings at Quail Roost Apartments to provide construction-period financing, with $6 million outstanding at conversion and full redemption by year 16. The taxable note will carry a fixed rate based on the 10-year Treasury plus 2.65% and interest-only payments until stabilization.

Document date · May 18, 2026

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WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$13,500,000 (reduced to $6,000,000 at conversion)
Contract type
FINANCIAL_SERVICES
Contract term
Construction financing, with principal reduced to $6,000,000 at conversion and fully redeemed in year 16 after conversion
Renewal
Construction-period taxable note converting with outstanding principal of $6,000,000 and scheduled for full redemption in year 16 after conversion; no renewal provisions noted.
Document type
Report
Source document
Housing Finance Authority of Miami-Dade County Report Crossings at Quail Roost Apartments 2026-05-18

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Housing Finance Authority of Miami-Dade County?

R4 was awarded this financial services contract by Housing Finance Authority of Miami-Dade County, as recorded on May 18, 2026. The contract value is $13,500,000 (reduced to $6,000,000 at conversion).

How much is the R4 contract with Housing Finance Authority of Miami-Dade County worth?

The R4 contract with Housing Finance Authority of Miami-Dade County is valued at $13,500,000 (reduced to $6,000,000 at conversion), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in Housing Finance Authority of Miami-Dade County Report Crossings at Quail Roost Apartments 2026-05-18 (Report), dated May 18, 2026 from Housing Finance Authority of Miami-Dade County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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