Construction Financing for Apartment Building in Miami, Florida

Deal Details

Private Loan Type

Residential Ground-Up Construction

Approx. Funding Date


Property Type
2-4 Units Residential
Property City


Property State


Lien Type

1st Mortgage

Payment Type

Interest Only

Property Neighborhood

East Little Havana

Number of Units


Deal Summary

Ontario Wealth Management Corporation, a Toronto-based commercial real estate loan origination and servicing company, funded a $1,150,000 1st lien position ground-up construction loan for an apartment building in Miami, FL. Owemanco funded the ground-up development of a 3-story apartment building that on completion will feature 12 micro-unit for-rent apartments. The development is situated within the East Little Havana neighborhood of Miami. This ground-up construction loan was funded in July 2019.

Funded By

Ontario Wealth Management Corporation

Direct Lender for Commercial Real Estate Bridge Loans