Midtown Capital scores $57M bridge loan for Lake Worth Beach project

Midtown Capital Partners landed a $57 million bridge loan for a nearly completed multifamily project in Lake Worth Beach. New York-based Infinity Collective, led by David Berg, Steven Kassin and Etienne Locoh, provided the financing for the Midtown Capital affiliate that is developing Astor Sound, a four-building complex with 230 apartments that is currently under construction. The loan provides Miami-based Midtown Capital, led by CEO Alejandro Velez, with funds to finish the project and lease up the buildings, Berg told The Real Deal.  Scott Wadler with Berkadia arranged the financing, Berg said. “We felt encouraged [to provide the loan] by […]This article originally appeared on The Real Deal. Click here to read the full story.