BridgeInvest Closes $63.5 MM Construction Loan in Aventura
1st Priority Mortgage Loan
BridgeInvest is excited to announce the recent closing of a $63,500,000 senior loan to finance the construction of 1212 Aventura, a 400,000 square foot mixed-use development, consisting of a vibrant retail and lifestyle colonnade featuring both office space and a luxury senior living facility located in Miami’s Aventura neighborhood.
Transaction Highlights
Repeat Borrower
BridgeInvest is the current lender on the Sponsor’s adjacent project, Ivory 214, which features a Hilton Tapestry Collection hotel, office, and retail space.
Mixed-Use Asset
Structuring the loan required BridgeInvest to underwrite the project's various components including office, retail, and senior living spaces.
Complex Capital Stack
BridgeInvest creatively structured the deal around a nuanced capital stack, which included mezzanine debt and EB-5 capital.
