South Florida Business Journal: Miami-Based Commercial Lending Fund Seeks to Raise $200 MM
Miami-based BridgeInvest has launched a fund to make commercial real estate loans, with the goal of raising $200 million.
Managing partner Alex Horn said the fund will target first mortgage loans in the southeastern U.S. with limited or no cash flow, customized terms and a short-term closing. For example, BridgeInvest recently made an $8 million loan on a vacant site on the Miami River where a 1.65 million-square-foot project called 7 at Blue Lagoon is proposed.
"The discretionary fund enables us to customize financing solutions for our borrowers’ funding needs and close transactions even quicker than before,” Horn said.
See the full article in South Florida Business Journal