NEW YORK, Nov. 8, 2021 – BayBridge Real Estate Capital today announced it helped MAG Real Estate & Development land a $61.5 million loan to construct two multifamily projects in South Florida.
The financing, arranged by BayBridge through Madison Realty Capital, will allow Boca Raton, Fla.-based MAG to begin construction on the following projects:
- Aviara Lake Worth, a planned development of 36 townhomes on 3.8 acres located at 307 N J Street in Palm Beach County, and
- Aviara East Pompano, a two-building project that includes 228 rental apartments and retail space located at 1261 S. Dixie Highway in Broward County.
About BayBridge Real Estate Capital
A specialty firm focusing on responsive execution and creative financing, BayBridge Real Estate Capital helps developers and investors source funding for a broad range of commercial real estate projects. With an emphasis on structured finance, the team brings decades of experience to markets across the country from its offices in New York, Miami, Fort Lauderdale, Boca Raton and West Palm Beach. For more information, visit www.baybridgerec.com or call (646) 213-7561.