$36,250,000
madison Point
26210-26250-26290-26305 Parker Ave, Homestead, Florida

This four-story, 263 unit affordable housing project obtained a construction-to-permanent, tax-exempt bond loan.  The property will consist of four multi-story elevator serviced buildings as well as 14,000 SF of retail space in one of the buildings with frontage on US1.  Amenities include pool, laundry facilities, computer room, playground and gym.  This affordable apartment complex is walking distance to public transportation, Walmart, convenience stores, and an elementary school and a public park.  The project completion is expected October 2022. 


$6,060,000
Tree Garden
4005-4083 NW 79 Avenue, Doral, Florida

Situated on 6+ acres, this 100% occupied flex space property includes 109,050 gross SF.  The units include offices in the front and warehouse with street or dock level doorways.  Before refinancing, the owner infused over $300k in capital improvements into the asset. 


$1,750,000
EL JARDIN
1568 SW 7 Street, Little Havana, Florida

Built in 1937 and renovated in 2006, this 13 unit single story, 3 building property includes 4,526 SF.  The borrower obtained a bridge loan to convert 13 units to 19 micro units.  The studio units include basic cable, Wi-Fi, utilities as well as private access to Calle Ocho restaurants, retail and entertainment. 


$7,000,000
PLAZA DEL MAR
1451 North Federal Highway, Ft. Lauderdale, Florida

Located on 3.59 waterfront acres, this 32,079 SF retail center includes three buildings.  Built in 1984 and renovated in 2016, the borrower purchased the property for $14.2M and obtained a mortgage with a 10 year term, 30 year amortization.  Tenants such as Wild Fork, Sally Beauty Supply, CAO Bakery have five year leases in place with 2-5 year renewal option. 


$10,500,000
HOMESTEAD GARDENS I & II
15451 SW 288 Street and 527 S. Flagler Avenue, Homestead, Florida

This multifamily includes 11 buildings, 150 units totaling 103,288 SF.  The two story buildings offer 1 bed / 1 bath and the 2 bed / 2 bath units renting from $775 to $1000 per month.   At 98% occupancy the borrower obtained a very competitive Fannie Mae loan.  


$6,500,000
RAINTREE OAKS
12708 English Hills Court, Tampa, Florida

This 116 unit fractured condominium / multifamily community consists of 28 two-story buildings and 20 one-story duplex buildings. The borrowers own 110 of the 116 units that are situated on two parcels of land totaling 7+ acres.  The two-bedroom, one-bathroom units range from 720 to 780 rentable SF.


$5,000,000
NORFE KROME PROPERTIES
Krome Avenue and 104 Street, Miami, Florida

The bridge land loan was a refinance and an acquisition on 152 acres off Krome Avenue in West Miami-Dade County.  This 3 year, interest only transaction entailed a plethora of creative structuring.


$21,000,000
Embassy suites st. augustine
300 a1a beach boulevard, st. Augustine beach, Florida

The 6.4 acres of is located near the historic city of St. Augustine, FL just south of Anastasia State Recreation Center. The ocean front property has significant frontage along the Atlantic Ocean measuring about 550 feet. The eight-story Embassy Suites resort will include 180 rooms with upscale resort amenities.

 


$11,200,000
Century park west
200 nw 109 ave, doral, florida

The community, Century Park West, is situated north of Doral with convenient access to major highways, retail and commercial areas. The condominium will consist of 135 units with eight different models ranging from 1088 square feet to 1600 square feet. These luxury units will include a gated entrance with guard house, a swimming pool, clubhouse and gazebo, playground, reserved parking spots and ample guest parking, and surrounded by lush landscaping.


$2,800,000
Mid Bay Club Apartments
11950 North Bayshore drive, Miami, Florida

This water-front multifamily property includes 23,609 square feet and is situated on almost an acre. The two-story building includes 21 waterfront one-bedroom and two-bedroom units with balconies, and six street-side units. Amenities include parking spaces, a seawall, fishing and boating pier, pool, barbecue grilling area, covered patios, sunset balconies and on-site laundry facilities.


$10,000,000
ALLISON CONDOMINIUMS
14145 N. 92 STREET, SCOTTSDALE, ARIZONA

This was a fractured condo loan wherein the buyer purchased 152 units out of 332 units in a condominium building in Arizona. Situated on 14.31 acres, the condo community was built in 1988 and includes 301,308 SF.   The garden style community offers two and three-story residential buildings, with a variety of spacious floor plans.  The property offers a pristine clubhouse, pool, and fitness center.


$3,300,000
Atlas Sign Industries
1077 West Heron Boulevard, Riviera Beach, FL

Atlas Sign Industries.png

This national sign manufacturing company owns a light industrial building located in Riviera Beach, FL.  Built in 1979 and renovated in 2006, this 49,170 SF warehouse includes a two story finished office area and is situated on 2.171 acres


$1,982,000
Baywatch Apartments
50, 150, 250 SE 6th Avenue, Homestead, FL

Built in 1972, this Class C, 84 Unit Multifamily consists of three single story buildings.  This multifamily offers affordable rental rates and is surrounded by commercial and residential use.    


$3,300,000 First Mortgage
Capital Oaks Villas
2600 Miccosukee Road, Tallahassee, Florida

Class B, 81k+ SF Multifamily property built in 1972.  This property is situated on 6.5 well manicured acres with large canopy oak trees.  Amenities include, pool with new decking, tennis courts and club house.   


$18,495,000
560 Lincoln Building
560 Lincoln Road, Miami Beach, Florida

Class A, 30k+ SF Retail/Office building built in 1926.  This historic building includes tenants such as Guess, Bank of America and Le Occitane, and Ricky’s NY.  


$3,100,000
Palm Gardens Condo Association Clubhouse & Amenities
7310 NW 114 AVE, Doral, Florida

Built in 2003, the property consists of the club-house and amenities including common areas, pool, gym and gardens. The loan was a loan to the condo association.  


$15,000,000
220 Unit Multifamily
Rich Drive, Deerfield Beach, FL

Built in 1988 , this 220 unit multifamily property offers a 24 hour fitness center, play ground and car wash facilities.