PMG scores $115M construction loan for Fort Lauderdale waterfront condo

PMG scored $115 million in construction financing for the 44-unit Sage condominium project on a waterfront site in Fort Lauderdale.  The 28-story building adds to an already crowded pipeline of luxury projects across South Florida, with the tri-county region being especially saturated with branded residences.  Foreign buyers account for much of South Florida’s condo demand, despite the Trump administration’s immigration policies.  PMG, with offices in New York and Miami, started construction last month on Sage Intracoastal Residences Fort Lauderdale at 900 Intracoastal Drive, according to the developer’s news release. Completion is expected in late 2027.   New York-based GoldenTree Asset Management […]This article originally appeared on The Real Deal. Click here to read the full story.