Private Construction Loan for 150-Room Hotel in Miami

Funded by BridgeInvest


Deal Details

Private Loan Type

Commercial Ground-Up Construction

Approx. Funding Date


Property Type
Property City


Property State


Interest Rate


Origination Points


Deal Summary

In February 2017, BridgeInvest closed a first-priority construction loan secured by a 2.8-acre parcel adjacent to the Miami International Mall in Doral, FL. The borrower has begun construction on a 100,000 SF, 150-room DoubleTree hotel with an expected completion by mid-2018. In addition to the senior loan, the project funding includes subordinate financing sponsored through the EB-5 Immigrant Investor Program. The loan facility allowed the borrower to draw funds commensurate with the construction schedule without incurring additional costs on undrawn capital. The borrower required an expedited closing under a tight timetable due to a rapidly approaching construction commencement deadline, which BridgeInvest was able to meet.

Funded By


Bridge & Construction Loans for CRE in the Southeast and Texas