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
Transaction media