Bridge Loan for Miami Warehouse Acquisition

Funded by BridgeInvest


Deal Details

Private Loan Type


Approx. Funding Date


Property Type
Property City


Property State


Interest Rate


Origination Points


Deal Summary

Private bridge loan for the acquisition of a 19,065 square foot warehouse on 0.55 acres in the Wynwood Art District of Miami. The Borrower purchased the property at the time of funding for $2,425,000 so the loan-to-cost is a very conservative 41%. Wynwood is a former industrial area that has evolved to accommodate over 70 art studios and galleries, as well as studios and restaurants. The Borrower intends to reposition the property as a gallery/showroom space and, upon the maturity of the loan, refinance with a traditional lender. BridgeInvest is confident in the success of this loan given the conservative loan-to-value, as well as the high demand for showroom space in the area. This loan was funded in October 2013 and the term was one year.

Funded By


Bridge & Construction Loans for CRE in the Southeast and Texas