Case study · Condominium financing
$2.8M condo loan: Brickell Bay Drive, Miami
First-position financing on a Brickell Bay penthouse condominium — funded and paid off.
- Loan amount
- $2,800,000
- Loan type
- Condominium bridge
- Position
- First lien
- LTV
- ~50%
- Outcome
- Paid off
- Asset
- Penthouse condominium, 1331 Brickell Bay Drive #PH4707, Miami
The situation
A sponsor needed capital against a Brickell Bay Drive penthouse. Condo financing at this level still has to clear association and collateral diligence — without losing private-lending speed.
The execution
A $2.8 million first-position loan structured around the unit, documented cleanly, and funded so the borrower could move on their plan.
The outcome
Loan paid off in full. A clean Brickell condominium exit for both sponsor and lender.
Your deal
Term sheet within 24 hours.
Condo, bridge, acquisition, or construction — $1M to $100M+. Term sheet within 24 hours.