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

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FINANCED
$60,000,000
Isaac Filler
+ 2

Florida

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Condo
Financed 02/02/2026
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FINANCED

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

1715 Southwest 37th Avenue

See Similar Deals
Condo
Financed 02/02/2026
Isaac Filler
+ 2
Contact now

Summary

FLORIDA
Asset Type:Condo
Transaction Type:Loan

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.

Players

Isaac Filler
77 deals$1.7B volume
BROKER

Steven Edelstein
Filler Capital
14 deals$421M volume
BROKER


10 deals$514.5M volume
LENDER

5 deals$298M volume
LENDER

Details

FINANCED
IMAGE: Isaac Filler, Jack Baron, David Scheer, Dustin Braham & Steven Edelstein DATE: 02/03/2026 ADDRESS: 1715 Southwest 37th Avenue MARKET: Coral Gables ASSET TYPE: Condo Development ~ UNITS: 117 LENDER: David Scheer, Alex Izso, Jack Baron & Dustin Braham - Dwight Mortgage Trust (@DwightCap) LANDLORD: BAM Development & Ascendra Capital BROKERS: Isaac Filler & Steven Edelstein - Filler Capital (@FillerCapital) LOAN AMOUNT: $60,000,000 LOAN TYPE: Construction NOTE FROM LENDER: Please reach out to David Scheer at [email protected] for any loan inquiries.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$60,000,000.00

Monthly NOI$400,000.00
Monthly Debt Service$379,240.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00