BridgeInvest Closes $29.05 MM Condo Construction Loan in Miami, FL

BridgeInvest is excited to announce the recent closing of a non-recourse $29.05 MM construction loan for an eight-story, nine-unit ultra-luxury condominium development with water views in Bay Harbor Island, FL. The project will offer full-floor, duplex, and half-floor residences, each with views of both Indian Creek Lake, Biscayne Bay, and Golf Course. Additionally, the project will feature a private marina with boat slips available for residents.

Transaction Highlights:

• Ultra-luxury boutique development
• Bifurcated loan structure for initial refinance and future construction
• Bespoke loan structure to meet borrower's complex financing needs