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.
BridgeInvest is the current lender on the Sponsor’s adjacent project, Ivory 214, which features a Hilton Tapestry Collection hotel, office, and retail space.
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.