Case study · Acquisition financing
$60M in 14 days: N Bay Road, Miami Beach
A $105 million waterfront acquisition. $60 million funded at the closing table. 14 days from first call to close.
- Loan amount
- $60,000,000
- Purchase price
- $105,000,000
- Position
- First lien
- Days to close
- 14
- Asset
- Waterfront estate, N Bay Road, Miami Beach
The situation
One of the top home builders in South Florida moved to acquire a $105 million waterfront estate on Miami Beach's most coveted stretch of N Bay Road. The closing date was set, and a transaction of this size demands one thing above all: absolute certainty that the financing will be there.
The execution
One call to the principals. A $60 million first-position loan, structured and documented in two weeks by our established counsel, with funds at the closing table on the day they were needed. The sponsor never had to wonder whether the money would show up. It did.
The outcome
Closed in 14 days. The estate is now the site of a spec residence targeting the highest sale price ever achieved for a single-family home in Miami Beach.
Your deal
Term sheet within 24 hours.
If you have a time-sensitive acquisition, refinance, or construction project in South Florida — at any size from $1M to $100M+ — we'll respond with a term sheet within 24 hours.