facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
FINANCED
$115,000,000

Florida

See Similar Deals
Development Site
Financed
the dealplayerscompscontact
Property Image
FINANCED

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

900 Intracoastal Drive

See Similar Deals
Development Site
Financed
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Loan

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.

Players

GoldenTree Asset Management
GoldenTree Asset Management
LENDER
Property Markets Group
Property Markets Group
LANDLORD

Details

FINANCED
IMAGE: Kevin Maloney, Ryan Shear & Dan Kaplan DATE: 12/24/2025 ADDRESS: 900 Intracoastal Drive MARKET: Fort Lauderdale ASSET TYPE: Development Site LENDER: GoldenTree Asset Management LANDLORD: Kevin Maloney - Property Markets Group (PMG) (@PMGDevelopment) LOAN AMOUNT: $115,000,000 LOAN TYPE: Construction NOTE: Property Markets Group secured a $115 million construction loan to complete the 28-story, 44-unit Sage Intracoastal Residences condo in Fort Lauderdale, with prices starting in the high $2 millions. The project broke ground in November on the 33,003-square-foot site at 900 Intracoastal Drive, with completion expected in Q3 2027 and amenities including a gym, pool, spa, and golf simulator.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$115,000,000.00

Monthly NOI$766,666.67
Monthly Debt Service$726,878.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00