BridgeInvest Closes an $84.0 MM Construction Completion Loan in Fort Lauderdale, FL

1st Priority Mortgage Loan

Loan Amount
$84,000,000
Property Type
Multifamily
Location
Fort Lauderdale, FL

BridgeInvest is excited to announce the closing of an $84 million construction completion loan that is senior secured by a 60% complete 252-unit multifamily property in the Flagler Village submarket of Fort Lauderdale, FL. The Sponsor will complete construction over the next year before leasing up the Property.

  • Mid-construction refinance and recapitalization
  • Partial affordable housing via Live Local Act
  • Stretch senior loan execution
  • Accelerated underwriting and credit execution
Transaction media