Ascendra, BAM land $60M construction loan for Miami condo project
A pair of developers scored a $60 million loan to build a condo building in Miami, as construction financing flows for South Florida residential projects amid higher interest rates. Ascendra Capital and BAM Development scored the loan for their planned eight-story, 117-unit Seventeen Gables Condominium at 1715 Southwest 27th Avenue/Douglas Road, according to the lender’s news release. Dwight Mortgage Trust provided the debt. Isaac Filler and Steve Edelstein were part of the Filler Capital team that represented the borrowers. David Scheer and Alex Izso of Dwight Mortgage originated the loan. Construction is expected to start immediately, with completion slated for […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Better mortgage spreads are still keeping home sales positive
111-Year-Old Connecticut Colonial With Its Own Certified Wildlife Habitat Lists for Under $850K
The Extraordinary Real Estate of the Founding Fathers Would Be Worth Hundreds of Millions Today
Yolanda Hadid’s Fiancé Is Building a Huge Master-Planned Community on Site of Industrial Ghost Town in Texas
We Have a New Second Home on Substack
Reffkin takes the stand, MRED CEO says Zillow threatened litigation over listing policy dispute
Playing With Fire: How Backyard Fireworks Celebrations Risk Costly Property Disasters
American Express and Chase move luxury lounge wars beyond the airport
The Average New-Car Payment Is Shrinking Homebuyers’ Budgets by $135,000
Lionel Messi Is Hailed as the World Cup GOAT—but His Property Portfolio Is a Real Winner, Too
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131