Top Headlines: Birmingham Startup Raises $15.5 Million, Miami-Based Company Buys Largest AL Apartment Property

Birmingham startup raises $15.5 million
Immediate, a Birmingham startup that works with companies to provide employees wages that have been earned but not paid, has raised $15.5 million, split between growth equity and working capital. Immediate, based in Innovation Depot, is working with companies including Visa and WellRx. – 

Miami-based company buys largest Alabama apartment property
Miami’s Westside Capital Group has paid $100.75 million for the Park at Hoover, a 1,060-unit multifamily property that the company says is the largest in Alabama. The complex includes two phases, one built in 1987 and the other built in 1996, four swimming pools, a large fitness center, four tennis courts and other amenities.  – Westside Capital Group

United in Alabama to buy Camden bank
United Bank, based in Atmore, has agreed to buy Camden’s Town-Country National Bank in a $28.5 million deal. United has $994 million in assets, and Town-Country has $126 million. The deal should close in the third quarter of this year.  – American Banker

Florida group buys Orange Beach multifamily complex
Prosper Orange Beach is among the properties purchased by DLP Real Estate Capital of St. Augustine, Florida. The 300-unit multifamily complex is one of four Prosper communities along the Gulf Coast included in the sale. The portfolio includes 1,086 units total.  – Cision

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