BridgeInvest Closes a $15.7 MM Refinance Loan in Miami, FL
1st Priority Mortgage Loan
Loan Amount
$15,700,000
Property Type
Land
Location
Miami, FL
BridgeInvest is excited to announce the closing of a $15.7 million refinancing loan that is senior secured by a 1.4-acre development site in the Miami Worldcenter development district. The Sponsor is currently pursuing the necessary entitlements for a proposed mixed-use tower and intends to exit the loan if site plan approval is obtained.
Transaction Highlights:
- Repeat Borrower
- Strong Infill Location
- 3 Week Closing Timeline