$13,600,000

Bridge Loan

Fort Lauderdale, Florida

W Financial has provided a $13,600,000 first mortgage bridge loan secured by a development site in Fort Lauderdale, Florida. The property is entitled for 36 high-end residential condominiums. The borrower needed the bridge loan to refinance the existing debt on the property and prepare for vertical construction. The borrower plans to repay the W Financial loan with a construction loan.