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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 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 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 Brokers $102 Million Loan

Multifamily construction project closed during challenging

economic environment

NEW YORK, April. 30, 2020 – BayBridge Real Estate Capital, an affiliate of Berkowitz Pollack Brant Advisors + CPAs, today announced it brokered a $102 million construction transaction which closed this week.

Plantation-based developer Invesca will use the loan provided by New York-based Madison Realty Capital to complete Pixl, a virtual reality themed mixed-use project in Pompano Beach.

Jay Miller, managing director of BayBridge Real Estate Capital, commented, “We are thrilled to have completed this transaction at such a challenging time in our economy. We believe it will be one of the last big construction transactions until the economy bounces back.

“Our team worked closely with the developer to complete a create financing deal that met everyone’s goals.”

Jay Miller and Spencer Miller of BayBridge Real Estate Capital brokered the deal.

Planned for completion in early 2022, Pixl is located at 4400 S. Sunrise Blvd., and will include 330 loft-style apartments with smart-home features.

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 businesses, developers and investors find the financing they need for a broad range of commercial real estate projects, including acquisitions, construction and value-add development.

 The firm has offices in Miami, Ft. Lauderdale, Boca Raton, West Palm Beach and New York City.