- June 2, 2022
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.
- April 25, 2022
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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- November 8, 2021
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.
- June 27, 2021
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.
- January 28, 2021
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.
- December 22, 2020
https://therealdeal.com/miami/2020/11/13/invesca-lands-50m-refi-on-pompano-beach-apartments/?utm_source=internal&utm_medium=after_article&utm_campaign=related_article
Invesca lands $50M refi on Pompano Beach apartments
Madison Realty Capital provided the refi, as well as a $102M construction loan in April
Christopher Longsworth and Josh Zegen, with Envy is at 475 SE 1st St, Pompano Beach
UPDATED, Nov. 16, 3:55 p.m.: Invesca Development Group landed a $50 million loan to refinance Envy Pompano Beach, a 214-unit, 11-story rental building.
Madison Realty Capital, led by Josh Zegen, originated the loan for the building at 475 Southeast First Street within the Koi master-planned community, according to a press release.
Invesca has completed construction and has leased up 50 percent of the building, according to the release.
Jay Miller, Spencer Miller and AJ Felberbaum of BayBridge Real Estate Capital arranged the financing.
Envy has three floors of commercial space and eight floors of residential space, with studios, one-, two- and three-bedroom apartments. Amenities include a rooftop pool, pet spa and outdoor movie theater.
Invesca scored a $28 million construction loan for Koi Residences & Marina in 2017.
Other proposed multifamily projects in Pompano Beach include Grover Corlew’s 355-unit mixed-use multifamily development along Atlantic Boulevard, and a 138-unit development called Highland Oaks by Coral Rock Development Group and Paragon Group of Florida.
In October, Madison Realty Capital closed on the remaining unsold condos in Costa Hollywood Beach Resort for $43 million. The firm also brought on a new partner for the industrial-to-office conversion of the Whale Square office building in Sunset Park in Brooklyn.
