BridgeInvest Launches Construction Lending Program

November 15, 2017

Fast, Alternative Lending for Construction Has Arrived

We are proud to announce a dedicated construction lending program designed to meet your financing needs and help capture timely market opportunities. BridgeInvest utilizes a fully-discretionary fund to provide bespoke, non-recourse financing for construction projects. We offer quick approvals and flexible terms. See two recent examples below and learn how BridgeInvest can leverage our fully integrated lending platform for your next construction project.  (more…)

BridgeInvest Finances Three Acquisition Loans Totaling $9.25 MM in Delray Beach

November 1, 2017

Loan Amount: $9,252,500
Security: 1st Priority Deed of Trust
Property Type: Residential & Mixed-Use Land
Location: Delray Beach, FL

BridgeInvest recently closed three first-priority mortgage loans totaling $9.25 million secured by a mix of commercial and residential development sites in Delray Beach, Florida – the fastest growing city in Palm Beach County. The portfolio benefits from its close proximity to the Atlantic Ocean and Atlantic Avenue, the main entertainment corridor in Delray Beach. The loans allowed the Sponsor, National Realty Investment Advisors (NRIA), to continue their aggressive expansion into South Florida after developing a… [more]

BridgeInvest Funds $8.0 MM Loan for 500-Acre Agricultural Portfolio in Homestead

September 28, 2017

Loan Amount: $8,000,000
Security: 1st Priority Deed of Trust
Property Type: Agricultural Land
Location: Homestead, FL

BridgeInvest recently closed an $8.0 MM first-priority, cash-out loan secured by a 494-acre agricultural portfolio in Homestead, Florida. The portfolio is comprised of five large land parcels that benefit from their proximity to major road section lines as well as income generated from fruit farms. The sponsor is (more…)

BridgeInvest Closes $4.65 Million Retail Construction Loan in Miami’s Design District

August 22, 2017

Loan Amount: $4,650,000
Security: 1st Priority Deed of Trust
Property Type: Retail
Location: Miami, FL

Southeast focused real estate lender, BridgeInvest, recently closed a $4.65 MM, first-priority construction loan secured by a 4,600 SF parcel in the Design District of Miami, FL. The site, which is currently improved by a two-story office building, was purchased for approximately 55% of its market value and is located in Miami’s premier destination for luxury fashion, art and home design. Current plans are to demolish the existing improvements in order to build a three-story, 9,000 SF, high-end retail… [more]

BridgeInvest Funds $7.0 MM Loan for Former Hotel Converted to Apartments

August 1, 2017

Loan Amount: $7,000,000
Security: 1st Priority Deed of Trust
Portfolio Type: Multifamily
Location: Orlando, FL
Southeast focused bridge lender, BridgeInvest, recently closed a $7.0 MM, first-priority loan secured by The Remington Apartments, a 185-unit multifamily complex in Orlando, FL. The loan allowed the sponsor to cash out a portion of the equity created and invest in new opportunities, despite the fact that the property remains in lease-up. The property, most recently known as the Palms Hotel, was recently gut-renovated by the owner after years of vacancy. Remington benefits from a convenient location off of the FL… [more]

BridgeInvest Continues Texas Expansion with $2.2 MM Loan for Flex Building in Dallas

April 10, 2017

Loan Amount: $2,200,000
Security: 1st Priority Deed of Trust
Portfolio Type: Flex Office
Location: Dallas

Southeast focused bridge lender, BridgeInvest, recently closed a $2.2 MM, first-priority loan secured by a 62,000 SF flex building in Dallas, TX. The property, built-to-suit in 1997, is owned and used by the sponsor, Cash Processing Solutions (“CPS”), a leader in the cash sorting and authentication industry. It benefits from its excellent location within the Las Colinas Business Park, with immediate proximity to DFW Airport and various key transportation arteries linking it to the greater Dallas-Ft. Worth Metroplex…. [more]

BridgeInvest Funds $16 Million Construction Loan for DoubleTree Hotel in Miami

February 27, 2017

Loan Amount: $16,000,000
Security: 1st Priority Mortgage Loan
Portfolio Type: Hotel Construction
Location: Miami

Southeast focused bridge lender, BridgeInvest, recently closed a first-priority construction loan secured by a 2.8-acre parcel adjacent to the Miami International Mall in Doral, FL. The borrower has begun construction on a 100,000 SF, 150-room DoubleTree hotel with an expected completion by mid-2018. In addition to the senior loan, the project funding includes subordinate financing sponsored through the EB-5 Immigrant Investor Program. The project is owned by Hospitality Doral, LLC which is controlled by the principals of American Opportunity Regional Center, an… [more]

BridgeInvest Funds a $14.5M Redevelopment Loan for Vacant Retail Center in Atlanta

February 8, 2017

Loan Amount: $14,500,000
Security: 1st Priority Deed of Trust
Portfolio Type: Retail
Location: Georgia

Southeast focused bridge lender, BridgeInvest, recently closed a floating-rate, first-priority redevelopment loan secured by a vacant 100,000 SF shopping center in East Atlanta. The property fronts Memorial Drive and is poised to add to the significant development occurring along the corridor. The borrower, Paces Properties, is a leading local developer within the submarket and has significant experience with repositioning under-utilized assets. The loan included an initial funding to refinance existing debt and a future funding facility to complete the renovation… [more]

BridgeInvest Expands into Pennsylvania with $3 Million Loan

November 29, 2016

Loan Amount: $3,000,000
Security: First Priority Mortgage Lien
Portfolio Type: Apartment
Location: Pennsylvania

Marking its first loan in Pennsylvania, BridgeInvest recently closed a first-priority bridge loan secured by two apartment properties in Center City, Philadelphia. The Sponsor, represented by Rittenhouse Capital Advisors, required a reliable and quick execution to take advantage of an expiring 1031 exchange transaction. The Borrower utilized BridgeInvest’s expedited due diligence process and flexible underwriting to complete the purchase within the allotted time frame. Located in the heart of the city, both properties are in emerging areas… [more]

BridgeInvest Funds $8.0 Million Industrial Land Portfolio Loan-copy

November 15, 2016

Loan Amount: $8,000,000.
Security: 1st Priority Lien.
Portfolio Type: Land.
Location: Miami, Florida.Haileah - 01

BridgeInvest recently closed a first-priority loan secured by two 10-acre land parcels of prime industrial sites in Doral and Hialeah, FL. The sponsor, TRX Group, approached BridgeInvest to leverage their significant equity in the Doral asset to execute a quick closing on the Hialeah asset. Once constructed, the two projects will total approximately 400,000 SF of class A warehouse space featuring small bays and high ceiling heights. Both properties are located in first-rate industrial submarkets of Miami with vacancies consistently… [more]