BAM Development & Ascendra Capital Secures $60 Million Construction Loan For Condo Development In Coral Gables

The asset involved in this transaction is a condo development located at 1715 Southwest 37th Avenue in Coral Gables. This property consists of 117 units and is associated with a construction loan amounting to $60,000,000.

Summary of transaction details:

• Property Type: Condo Development
• Transaction Amount: $60,000,000
• Market: Coral Gables
• Lender: David Scheer, Alex Izso, Jack Baron & Dustin Braham - Dwight Mortgage Trust
• Landlord: BAM Development & Ascendra Capital
• Brokers: Isaac Filler & Steven Edelstein - Filler Capital

The deal includes prominent individuals such as David Scheer, who can be contacted for any loan inquiries at [email protected]. The lenders are represented by a group including Jack Baron and Dustin Braham, while the landlords are represented by BAM Development and Ascendra Capital.