Ricardo Hernandez Of Bridge Holding LLC Secures $22.5 Million Loan For Lake Worth Beach Development

The asset involved in this transaction is a development site located at 906 North G Street in Lake Worth Beach, covering an area of 1.44 acres. The secured loan amount is $22,500,000, designated for construction purposes associated with the development of the Lake Worth Beach Station, which will feature a total of 91 units of apartment complex focused on workforce housing.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $22,500,000
• Lender: CVI Loan Sun Holdings VIII
• Landlord: Ricardo Hernandez - Bridge Holding LLC
• Market: Lake Worth Beach

This transaction involves key individuals and organizations, with Ricardo Hernandez representing Bridge Holding LLC as the landlord. The financing provided by CVI Loan Sun Holdings VIII is instrumental in enabling the construction of the multifamily housing project tailored for workforce housing in the Lake Worth Beach area.