Transactions 2018-04-06T17:43:45+00:00

Transactions

BridgeInvest specializes in financing real estate transactions with limited or no cash flow and a value-add or construction component.

July 18, 2018

Tampa Bay Business Journal: Developers of 35-story condo tower in downtown Tampa’s Channel district aim for early 2019 groundbreaking

The developers known for pioneering projects in downtown Tampa's Channel district are moving forward with the neighborhood's first new condominiums in more than a decade: 35 stories of luxury units on Channelside Drive. Mercury Advisors has secured a $45 million development loan for Eleve 61, which will be built at 858 Channelside [...]

June 21, 2018

The Real Deal: Design 41 secures $28M loan from BridgeInvest

BridgeInvest recently provided a $28 MM refinance and improvement loan on a landmark 48,085 square foot mixed-use building in the heart of Miami’s Design District. The mixed-use project at 112 Northeast 41st Street has already completed construction and the developer is using the loan to put some “finishing touches” into [...]

May 21, 2018

The Real Deal: Miami-based firm borrows $21.5M to build a Tru by Hilton hotel in Orlando

Miami-based Epelboim Development Group got a $21.5 million loan to finance construction of a Tru by Hilton hotel in Orlando. The site of the eight-story, 259-suite hotel on Westbrook Avenue in Orlando is across from the Orange County Convention Center. The hotel is expected to open in the fourth quarter [...]

May 14, 2018

Costar News: Charlotte’s First Food Hall Brings Home the Bacon

Paces Properties, the developer that created Atlanta’s Krog Street Market, just landed a $40 million construction loan for a large adaptive reuse project that will house Charlotte, NC's first food hall. BridgeInvest, a provider of short-term, senior-position bridge loans, said Friday it closed the construction loan for the Tompkins Hall [...]

May 11, 2018

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 [...]

April 23, 2018

Law 360: Conference Focuses On Sea Level Rise Resiliency For S. Fla.

A climate change conference in Miami was a mixture of optimism and dread on Wednesday, as experts in the science, insurance and development communities presented sobering figures about sea level rise estimates and discussed how South Florida can build resilient communities to adapt to increased flooding. At the conference, sponsored [...]

April 5, 2018

Hiring: Controller Position

BridgeInvest is seeking a full-time, seasoned professional to join our team as a Controller, who will be responsible for finance, accounting and operations/compliance. The candidate should be an independent self-starter with strong accounting and finance background, ability to multitask and excellent attention to detail. This is a senior, managerial role [...]

March 28, 2018

Why Investors Need to Roll Up Their Sleeves

Alex Horn, BridgeInvest's founder and managing partner, discusses the alternative lending environment and explains how the financing needs of small-property borrowers changed in the years following the recession. BridgeInvest is a relatively new player in the lending landscape. With roughly seven years since it began its operations, the real estate [...]

March 20, 2018

Curbed Atlanta: Midtown Condo Project

Juniper and 5th venture lands financing for one of Atlanta’s largest new condo communities in ages. Development wonks have argued for years that Atlanta is starved for condos, as opposed to apartments, and now a developer with a growing presence in the city is preparing to test that assertion in [...]

March 6, 2018

San Antonio Express News: Lone Star Brewery owner avoids foreclosure with $11M loan

The Lone Star Brewery’s owner has avoided foreclosure by refinancing its debt, putting a stop tothe financial chaos that has engulfed the brewery since a $300 million plan to redevelop it fell through last summer. The brewery was scheduled to be sold on the steps of the Bexar County Courthouse [...]

November 15, 2017

BridgeInvest Launches Construction Lending Program

Fast, Alternative Lending for Construction Has Arrived We are proud to announce a dedicated construction lending program designed to meet your financing needs and help capture timely market opportunities. BridgeInvest utilizes a fully-discretionary fund to provide bespoke, non-recourse financing for construction projects. We offer quick approvals and flexible terms. See [...]

August 8, 2017

South Florida Business Journal: Congratulations to BridgeInvest’s Alex Horn for Making the 40 Under 40 list

Welcome to our 2017 40 Under 40 Awards package, which celebrates 40 business executives 39 and younger that exemplify innovation and leadership in their competitive fields. This special section highlights how our 40 Under 40 honorees have made significant contributions to their companies, sectors and communities. And while youthful, make [...]

August 8, 2017

South Florida Business Journal: Top Bankers Drive Economy, Community and Culture

It should come as no surprise that each year's Power Leaders in banking and Finance honorees are the executives who help fuel South Florida's economy. From driving local, national, or international banks, and locally-focused community banks or credit unions, these leaders serve unique needs and help spur regional growth. Dig [...]

July 24, 2017

The Real Deal: Tricera Capital and Alex Karakhanian pay $2.8M for Design District development site

Tricera Capital and investor Alex Karakhanian just paid $2.8 million for a site in the Miami Design District where they plan to develop a retail building, Tricera’s co-founders Ben Mandell and Scott Sherman told The Real Deal. Tricera and Karakhanian’s LNDMRK Development bought the property at 4112 Northeast First Avenue [...]

June 14, 2017

The Wall Street Journal: Bank-Owned Homes Get a Fresh Look From Wealthy Buyers

Affluent home buyers, desperate for inventory in the hottest markets, are giving a fresh look to bank-owned homes. Savvy buyers could be rewarded with a discounted luxury home in a posh neighborhood. But they also could be stepping into a money pit with legal snarls. It’s a risk more buyers are willing [...]

March 30, 2017

The Real Deal: Trump presidency to have a positive impact on SoFla real estate investment

As Donald Trump inches closer to his 100th day in office, the pivotal moment most U.S. presidents are judged as to whether their agendas are moving forward, the commander-in-chief remains mired in a never-ending storm of controversy. Yet, having the New York billionaire developer at the country’s helm will only [...]

November 30, 2016

The Real Deal: Driftwood scores $16M construction loan for Doral hotel, including EB5 funding

With construction well underway at their Hilton branded hotel in Doral, partners Driftwood Hospitality Management and American Opportunity Regional Center just secured a $16 million loan to help finance the project, including $10 million from EB5 investors. County records show the loan was sourced both from an affiliate of Miami’s [...]

November 1, 2016

BridgeInvest Launches Specialty Credit Private Equity Fund

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 [...]

October 15, 2015

Loans On Your Schedule, Not Ours

Why Having a Fixed Funding Date Matters In our regular meetings with potential borrowers, one of the points that we like to stress is the advantage of having a fixed funding date. As we outlined in our “Bridge Loan Basics” post, one of the key advantages of private financing, aside [...]

January 8, 2015

The Bridge Loan Basics

What is a bridge loan? What differentiates it from a traditional mortgage? Bridge loans are short-term loans often used as interim financing until a longer term solution becomes available to borrowers. Often referred to as hard money loans, these loans differ from a traditional mortgage in several ways, including: Duration. [...]

July 26, 2013

The “Unintended” Emergence of Private Lending

Where We are Now. Due to extensive efforts by U.S. banks to comply with both new international and domestic banking standards, we are seeing a rise in demand for private lending for situational loans, such as commercial bridge loans. Basel III—a global regulatory standard on bank capital requirements, leverage ratios, and liquidity [...]