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$35,000,000 Construction Loan |
Spectrum's Newest & Largest Coral Gables Closing |
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Spectrum closes on a $35M first mortgage construction loan facility to finish the development of an ultra-luxury 39-unit high-rise condominium building located in Coral Gables. Spectrum worked with the Sponsor to negotiate the capital structure which included the $35M first mortgage, equity, and subordinate debt sufficient to complete the project. |
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$35M first mortage with future advance |
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24 month term interest only payments |
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Inventory loan options for unsold units |
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Only 37% presold at time of closing |
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Finishing What Others Start |
Other Coral Gables Loan Transactions |
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Althea
Row |
$12,750,000 ACTIVE |
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Biltmore
Row |
$12,750,000 ACTIVE |
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Biltmore
Parc |
$14,000,000
PAID OFF |
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Beatrice
Row |
$13,750,000
PAID OFF |
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444
Valencia |
$4,000,000
PAID OFF |
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For More Information Contact |
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