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BayBridge Real Estate Capital Sources $85 million For South Florida Luxury Apartments

NEW YORK, Sept. 12, 2022 – BayBridge Real Estate Capital today announced it secured an $85 million loan to help Invesca Development Group complete construction on PIXL Plantation, a 330-unit luxury apartment building located five miles west of downtown Ft. Lauderdale, Fla.

Located in the Sunrise Boulevard corridor between Florida’s Turnpike and State Road 7, PIXL Plantation is a part of a larger 6.7 acre planned community that, once completed, will include 147 townhomes, office and retail space, and a vast network of green space featuring walking paths, parks, picnic areas, an outdoor movie theater and a resort-style pool.

Jay Miller, AJ Felberbaum and Spencer Miller with BayBridge Real Estate Capital arranged the financing that was provided by Madison Realty Capital based in New York, NY.

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, Fla. For more information, visit www.baybridgerec.com or call (646) 213-7561.

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BayBridge Real Estate Capital and Las Olas Capital Source $40MM Acquisition Loan for Everglades College

NEW YORK, August 4, 2022 – BayBridge Real Estate Capital today announced it worked with Las Olas Capital to source financing for Everglades College, Inc., to purchase two office buildings.

Everglades College is the parent company of Keiser University. The office buildings are located at 1900 W. Commercial Boulevard and 1500 NW 49 Street in Ft. Lauderdale, FL. The locations were previously leased as academic campuses for Keiser University.

TD Bank provided $40.3 million of the financing.

Paul Tanner of Las Olas Capital served as financial advisor to Everglades College, Inc.  Jay Miller, AJ Felberbaum and Spencer Miller of BayBridge Real Estate Capital sourced and structured the financing package.

Keiser University is a private, non-profit university in Ft. Lauderdale. Everglades College purchased Keiser University in 2011.

About Las Olas Capital

Las Olas Capital provides wealth management, advisory services and investment solutions, including capital market transactions and impact investing.

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, Fla. For more information, visit www.baybridgerec.com or call (646) 213-7561.

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BayBridge Real Estate Capital Arranges Financing for an MC Hotel in Montclair, NJ

 

BayBridge Real Estate Capital’s Jay Miller, AJ Felberbaum and Spencer Miller arranged financing for a hotel property in Montclair, New Jersey.

  • Loan profile: Refinance
  • Property: The MC Hotel, located at 690 Bloomfield Ave, Montclair, NJ. The hotel is a part of Marriott’s Autograph Collection.
  • Sponsorship: The Hampshire Companies is a privately held, fully integrated real estate firm, real estate investment fund manager and Registered Investment Advisor based in Morristown, N.J. The Hampshire Companies has a diversified investment platform and derives results from its broad experience in multiple commercial real estate asset classes. Hampshire prides itself on its vertically integrated business platform. Having an in-house team of dedicated professionals helps to streamline all aspects of a project from acquisition to financing to development and construction to marketing and leasing. An integrated business model enables Hampshire to be nimble and act quickly, actively manage the project ensuring exclusive control, and provide the highest level of service to its investors.
  • Sponsorship: The Pinnacle Companies is a privately held, regional real estate development firm based in Montclair, N.J. The Pinnacle Companies focuses its core competencies on transformational residential, commercial and retail properties with a concentration on redevelopment, mixed-use and transit-oriented projects.
  • Lender: Hall Structured Finance based in Dallas, TX. The loan was originated by Hall’s Vice President Matt Mitchell.

 

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BayBridge Real Estate Capital Arranges the Refinancing of New Jersey Hotel

Article from The Commercial Observer: https://commercialobserver.com/2022/07/hall-structured-finance-refis-new-jersey-hotel-with-46m-loan/

 

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Hall Structured Finance Closes Loan to Refinance The MC Hotel in Montclair, NJ, Financing Sourced by BayBridge Real Estate Capital

Article from HotelBusiness.com

Hall Structured Finance closes loan to refinance The MC Hotel in Montclair, NJ
Dallas-based Hall Structured Finance (HSF) has closed a first mortgage bridge loan to refinance the MC Hotel, an Autograph Collection by Marriott property located in Montclair, NJ. The MC Hotel was developed by a joint venture between The Hampshire Companies and The Pinnacle Companies and opened in August 2019. Aparium Hotel Group manages the property. In connection with the closing of the loan, an adjacent restaurant site has been acquired for which a new upscale restaurant is being designed, adding to the hotel’s existing signature food and beverage venues.

Located in downtown Montclair, the 159-room boutique hotel is in a business and entertainment center known for its restaurants, retailers, and arts and entertainment venues. The hotel features multiple meeting and event spaces, including a 3,000-sq.-ft. ballroom that can accommodate up to 200 guests. The hotel features its signature restaurant Allegory, and Alto, the only rooftop indoor/outdoor bar and lounge in Montclair, located on the ninth floor. In addition, the hotel features an art collection on display throughout the property, showcasing both local and international artists.

Hampshire and Pinnacle are also partners on the MC Residences, currently under construction on the same block. The future MC Residences will include 40 high-end multi-family rental units, a 3,500-sq.-ft. food hall and a 4,000-sq.-ft. streetside outdoor plaza.

Jay Miller, AJ Felberbaum and Spencer Miller from BayBridge Real Estate Capital, sourced the financing for the project.

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BayBridge Real Estate Capital Originates $84 Million ReFi Loan for South Florida Mixed-Use Property

NEW YORK, June 2, 2022 – BayBridge Real Estate Capital today announced it helped Block 40 Property, LLC, structure an $84 million loan to refinance 1818 Park, a 22-story luxury rental apartment tower located on Young Circle in the heart of downtown Hollywood, Fla.

BayBridge secured the debt financing from Deutsche Bank to replace a $70 million construction loan that 1818 Park secured in 2021. The mixed-use development includes 273 apartments, ranging from studios to three-bedroom units; two pool decks and fitness centers; coworking space; private conference rooms; and 10,000 square feet of ground-floor retail space.

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, Fla. For more information, visit www.baybridgerec.com or call (646) 213-7561.

 

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BayBridge Real Estate Capital Sources $37 Million Construction Loan for Austin, Texas, Developer

NEW YORK, April 25, 2022 – BayBridge Real Estate Capital today announced it secured a $37 million loan to help Cumby Group finance the construction of The Emma, a 146-unit multifamily development located at 3219 Manor Road in Austin, Texas. The financing, arranged by BayBridge, originated from New York-based RMWC.

Austin, Texas, is among the fastest-growing major metropolitan area in the U.S. and the “hottest housing market in 2021,” according to Yahoo Finance. The Emma will be a part of a larger community development from Cumby Group that will cover nearly nine acres and include additional rental housing, green space for community gatherings and more than 11,700 square feet of commercial space, space for neighborhood gatherings and additional housing.

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, Fla. For more information, visit www.baybridgerec.com or call (646) 213-7561.

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BayBridge Real Estate Capital Secures $61.5 Million Construction Loan for MAG Real Estate & Development

 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.

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Press Releases

BayBridge Real Estate Capital Sources More than $20 Million in Land Acquisition Financing

MIAMI, June 27, 2021 – BayBridge Real Estate Capital, an affiliate of Berkowitz Pollack Brant Advisors + CPAs, today announced it helped land developer Lansing Companies secure a $20.5 million loan to acquire 1,538-acres of undeveloped land in Reno, Nev.

The financing arranged by BayBridge Real Estate Capital with Ardent Financial was a critical component of the $28.5 million deal between Lansing Companies and the prior owner. The land, located in a rapidly growing northern suburb of Reno, Nev., is zoned for residential and commercial use with almost 500 acres of open space to preserve the Swan Lake basin.

About BayBridge Real Estate Capital

The BayBridge Real Estate Capital team has a long history of bringing institutional capital to markets across the U.S.

An affiliate of Berkowitz Pollack Brant Advisors + CPAs, BayBridge helps developers and investors find the financing they need for a broad range of commercial real estate projects, with a focus on structured finance. The firm has offices in Miami, Ft. Lauderdale, Boca Raton, West Palm Beach and New York City.

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BayBridge Real Estate Capital Announces Addition

NEW YORK, January 28, 2021 – BayBridge Real Estate Capital, a company of Berkowitz Pollack Brant Advisors + CPAs, today announced that 40-year real estate and capital markets veteran Mark Niman has joined the firm as executive managing director.

Niman has a wealth of experience executing transactions and representing clients throughout the United States, Canada, South America, Europe and the Middle East in all asset classes.  His career has been built on strong lender relationships and his clients are in all sectors of commercial real estate, including multi-family, student housing, hotels and resorts, casinos, industrial, self-storage, retail and office buildings.

Director of BayBridge Real Estate Capital Jay Miller commented, “I’ve known Mark most of my career and I know he will be a great asset to the firm. The fact that he recently secured a $32.5 million hotel bridge loan, in this highly challenging market, is indicative of his abilities. This loan was sourced, underwritten, and funded in 30 days.”

Niman’s accomplishments during his career include twice procuring financing for one of the largest malls in North America, structuring and obtaining more than $4 billion in hotel financings throughout the United States and the Caribbean, and securing multi-billions in acquisition, construction, bridge and permanent financings for all real estate asset classes.  Most notably, Niman has brokered one of the largest transactions of all time when he arranged a $3.1 billion loan for his client’s acquisition of Aztar Corp. the then-parent of Tropicana Hotels and Casinos.

He will be based in the firm’s New York City office.

About BayBridge Real Estate Capital

The BayBridge Real Estate Capital team has a long history of bringing institutional capital to markets across the U.S.

An affiliate of Berkowitz Pollack Brant Advisors + CPAs, BayBridge helps developers and investors find the financing they need for a broad range of commercial real estate projects, with a focus on structured finance. The firm has offices in Miami, Ft. Lauderdale, Boca Raton, West Palm Beach and New York City.