Case study · Bridge financing
$13M bridge loan: W Dilido Drive, Miami Beach
First-position financing on a waterfront residence on Venetian Islands — structured around the asset and closed on a private timeline.
- Loan amount
- $13,000,000
- Loan type
- Bridge
- Position
- First lien
- LTV
- ~55%
- Asset
- Waterfront residence, 310 W Dilido Drive, Miami Beach
The situation
A sponsor needed substantial bridge capital against a waterfront residence on Miami Beach's Venetian Islands. The asset was strong; the timeline and certainty of close were the real requirements.
The execution
A $13 million first-position loan underwritten on the strength of the property, documented by our established counsel, and funded to meet the sponsor's schedule.
The outcome
Closed and active. Capital in place against one of Miami Beach's premier island addresses.
Your deal
Term sheet within 24 hours.
Bridge, acquisition, refinance, or construction — $1M to $100M+. Term sheet within 24 hours.