Property Markets Group Secures $115 Million Construction Loan For Sage Intracoastal Residences In Fort Lauderdale

This property asset is a development site located at 900 Intracoastal Drive in Fort Lauderdale. It covers a square footage of 33,003 and is poised to feature a 28-story structure with 44 residential units. Prices for the condominiums are expected to start in the high $2 millions, with completion anticipated in Q3 2027. Planned amenities for the project include a gym, pool, spa, and golf simulator.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $115,000,000
• Lender: GoldenTree Asset Management
• Landlord: Kevin Maloney - Property Markets Group (PMG)
• Loan Type: Construction

Key participants in this transaction include Kevin Maloney of Property Markets Group, who serves as the landlord, and representatives Ryan Shear and Dan Kaplan involved in securing the loan. The project marks a significant development effort in the Fort Lauderdale area, with a focus on luxury residential living.