BridgeInvest Closes an $84.0 MM Construction Completion Loan in Fort Lauderdale, FL
1st Priority Mortgage Loan
Loan Amount
$84,000,000
Property Type
Multifamily
Location
Fort Lauderdale, FL
BridgeInvest is excited to announce the closing of an $84 million construction completion loan that is senior secured by a 60% complete 252-unit multifamily property in the Flagler Village submarket of Fort Lauderdale, FL. The Sponsor will complete construction over the next year before leasing up the Property.
- Mid-construction refinance and recapitalization
- Partial affordable housing via Live Local Act
- Stretch senior loan execution
- Accelerated underwriting and credit execution