BridgeInvest Continues Texas Expansion with $2.2 MM Loan for Flex Building in Dallas

April 10, 2017

Loan Amount: $2,200,000
Security: 1st Priority Deed of Trust
Portfolio Type: Flex Office
Location: Dallas

Southeast focused bridge lender, BridgeInvest, recently closed a $2.2 MM, first-priority loan secured by a 62,000 SF flex building in Dallas, TX. The property, built-to-suit in 1997, is owned and used by the sponsor, Cash Processing Solutions (“CPS”), a leader in the cash sorting and authentication industry. It benefits from its excellent location within the Las Colinas Business Park, with immediate proximity to DFW Airport and various key transportation arteries linking it to the greater… [more]

BridgeInvest Funds $16 Million Construction Loan for DoubleTree Hotel in Miami

February 27, 2017

Loan Amount: $16,000,000
Security: 1st Priority Mortgage Loan
Portfolio Type: Hotel Construction
Location: Miami

Southeast focused bridge lender, BridgeInvest, recently closed a first-priority construction loan secured by a 2.8-acre parcel adjacent to the Miami International Mall in Doral, FL. The borrower has begun construction on a 100,000 SF, 150-room DoubleTree hotel with an expected completion by mid-2018. In addition to the senior loan, the project funding includes subordinate financing sponsored through the EB-5 Immigrant Investor Program. The project is owned by Hospitality Doral, LLC which is controlled by the principals of… [more]

BridgeInvest Funds a $14.5M Redevelopment Loan for Vacant Retail Center in Atlanta

February 8, 2017

Loan Amount: $14,500,000
Security: 1st Priority Deed of Trust
Portfolio Type: Retail
Location: Georgia

Atlantic Shopping Center - Press Release Picture 2

Southeast focused bridge lender, BridgeInvest, recently closed a floating-rate, first-priority redevelopment loan secured by a vacant 100,000 SF shopping center in East Atlanta. The property fronts Memorial Drive and is poised to add to the significant development occurring along the corridor. The borrower, Paces Properties, is a leading local developer within the submarket and has significant experience with repositioning under-utilized assets. The loan included an initial funding to refinance existing debt… [more]

BridgeInvest Expands into Pennsylvania with $3 Million Loan

November 29, 2016

Loan Amount: $3,000,000
Security: First Priority Mortgage Lien
Portfolio Type: Apartment
Location: Pennsylvania

Richmond Photo

Marking its first loan in Pennsylvania, BridgeInvest recently closed a first-priority bridge loan secured by two apartment properties in Center City, Philadelphia. The Sponsor, represented by Rittenhouse Capital Advisors, required a reliable and quick execution to take advantage of an expiring 1031 exchange transaction. The Borrower utilized BridgeInvest’s expedited due diligence process and flexible underwriting to complete the purchase within the allotted time frame. Located in the heart of the city, both properties… [more]

BridgeInvest Funds $8.0 Million Industrial Land Portfolio Loan

November 15, 2016

Loan Amount: $8,000,000.
Security: 1st Priority Lien.
Portfolio Type: Land.
Location: Miami, Florida.Haileah - 01

BridgeInvest recently closed a first-priority loan secured by two 10-acre land parcels of prime industrial sites in Doral and Hialeah, FL. The sponsor, TRX Group, approached BridgeInvest to leverage their significant equity in the Doral asset to execute a quick closing on the Hialeah asset. Once constructed, the two projects will total approximately 400,000 SF of class A warehouse space featuring small bays and high ceiling heights. Both properties are located in first-rate industrial submarkets of Miami with vacancies consistently… [more]

BridgeInvest Launches Specialty Credit Private Equity Fund

November 1, 2016

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BridgeInvest announces its first closing of the BridgeInvest Specialty Credit Private Equity Fund with initial capital commitments of $47 million. The discretionary fund will invest exclusively in short-term, first-mortgage loans secured by unique commercial and residential real estate assets in the Southeast US. The Fund’s investment strategy targets capital preservation and attractive risk-adjusted returns with a condensed 3-year fund term and quarterly distributions for both US and non-US investors

BridgeInvest specializes in creative financing solutions with limited or no cash flow and short-execution windows. Established in 2011… [more]

BridgeInvest Funds $3.6 MM Loan for Dania Beach Redevelopment

September 14, 2016

Loan Amount: $3,600,000.
Security: 1st Priority Lien.
Asset Type: Redevelopment Site.
Location: Dania Beach, Florida.

Dania Beach Pic

Miami, FL – August 2016. Southeast focused real estate lender BridgeInvest recently closed a first-priority mortgage secured by a prime redevelopment site located in Dania Beach, FL. Due to a pending loan maturity, the sponsor required a reliable and expedited execution. The property is zoned and approved for multifamily development of up to 350 residential units. Located one mile from the Atlantic Ocean with access to both US-1 and I-595, the site provides excellent access throughout the… [more]

Closed: $3.0 Million Construction Loan in Homestead

September 7, 2016

Loan Amount: $3,000,000.
Security: 1st Priority Lien.
Asset Type: Distribution Warehouse.
Location: Homestead, Florida.

BridgeInvest Funds Construction Loan on Homestead Distribution Facility

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Miami, FL – August 2016. BridgeInvest closed a first-priority construction loan secured by a class A distribution facility in Homestead, FL. The sponsor, GBX Capital, needed a lender who could underwrite and finance the project even though construction had already commenced. Once completed, the property will feature approximately 32,000 SF of space with attractive features such as 24 ft. clear ceilings and multiple loading docks per tenant. The facility is… [more]

Closed: First Transaction in Georgia

August 10, 2016

Loan Amount: $1,750,000.
Security: 1st Priority Deed of Trust.
Asset Type: Office.
Location: Atlanta, Georgia.

Loan Funds Purchase and Renovation of Value-Add Office Building

Picture ActualAtlanta, GA –  July 2016. Marking its strategic focus on the larger Southeast U.S., Miami-based real estate lender BridgeInvest is pleased to announce that it recently closed a $1,750,000 acquisition loan in Atlanta, GA. The loan is secured by a Class C office building located 4 miles west of Downtown Atlanta with significant value add potential. The loan allows the borrower to acquire the foreclosed property from Wells Fargo and renovate… [more]

Closed: $9.0 Million Loan on Prime Miami Industrial Site

July 20, 2016

Loan Amount: $9,000,000.
Security: 1st Priority Lien.
Asset Type: 15-Acre Redevelopment Site.
Location: Miami, Florida.

Timely Loan Refinances Former Bertram Yacht Facility

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Miami, FL – July 7, 2016. Miami-based real estate lender BridgeInvest is pleased to announce that it recently closed a $9,000,000 loan secured by a prime industrial complex neighboring the Miami International Airport. The loan allowed the borrower, Interterra Investments Group, to refinance the property on a fixed funding schedule and providing it with additional time to execute its lease-up plan on the unique site.

The property consists… [more]