Private Money Loan for Sunny Isles Beach Condominium Investor

Funded by BridgeInvest


Deal Details

Private Loan Type


Approx. Funding Date


Property Type
Property City

Sunny Isles Beach

Property State


Interest Rate


Origination Points


Deal Summary

BridgeInvest funded a $3,000,000 private money loan secured by two waterfront units at the Trump Palace Condominium Building in Sunny Isles Beach. The high-leverage loan represented over 75% of the original purchase price of the units. The Borrowers needed to recoup most of their equity in the properties to execute the purchase of another investment property. Each unit is a 3-bedroom, 3.5-bathroom condo with over 2,000 square feet featuring expansive water views from multiple balconies. Both units are used as investment properties and are currently cash flowing. The Borrowers plan to refinance in 1-2 years to pay off this private mortgage, which was funded in February 2015.

Funded By


Bridge & Construction Loans for CRE in the Southeast and Texas