BBCA Secures $14.35M Construction Loan for Office/Condo Project

11/01/2007

BAYBRIDGE CAPITAL ADVISORS, LLC SECURES CONSTRUCTION LOAN FOR MAJOR OFFICE/CONDO PROJECT

 

MIAMI—November 2007—BayBridge Capital Advisors, LLC has secured a $14.35 million acquisition/bridge loan for the Sanctuary Centre in Boca Raton, Fl.  

With the acquisition/bridge loan, BayBridge’s client purchased +/-80,000 square feet of the property’s remaining 180,000 square feet. The Centre is expected to feature several retail shops, restaurants, condominiums and businesses.

BayBridge President Adam Greeenberg, CCIM, and Associate Michael Lapointe were instrumental in preparing project pro-forma budgets, analyzing market conditions, construction lease-up scenarios as well as initial underwriting of the project. The senior financing was placed with Wrightwood Capital of Chicago, IL.

 

About BayBridge Capital Advisors: A full service mortgage banking firm that provides debt and equity for real estate and asset-based transactions. The Firm specializes in transactions of all sizes and most commercial and residential product types including but not limited to for sale and rental multi-family, retail, and office industrial properties. The Firm is affiliated with Berkowitz Dick Pollack & Brant Certified Public Accountants & Consultants, LLP.

About Berkowitz Dick Pollack & Brant: Berkowitz Dick Pollack & Brant Certified Public Accountants & Consultants, LLP, a company that advises public and privately held entities and individuals on US and international tax planning, audit and assurance services, litigation support, valuation services, estate, investment and financial advisory services, technology and real estate advisory and capital services. The Firm has offices in Miami and Fort Lauderdale.

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