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Deal Details
Private Loan Type
Residential Ground-Up Construction
Approx. Funding Date
04/15/2016
Property Type
Single Family Residence
Property City
Bay Harbor Islands
Property State
FL
Lien Type
1st Mortgage
Payment Type
Interest Only
Exit Strategy
Sale
Deal Summary
Ontario Wealth Management Corporation, a Toronto-based commercial real estate loan origination and servicing company, funded a $1,200,000 1st lien position construction bridge loan for a single-family home in Bay Harbor Islands, Miami, FL. We refinanced the builder’s hard money loan halfway through this Bay Harbor Islands luxury home build. The developer plans to sell upon completion. This construction bridge loan was funded in April 2016.
Funded By
Ontario Wealth Management Corporation
Direct Lender for Commercial Real Estate Bridge Loans