3019 Harbor Drive
Update
07/13/22
FinanceMiami Arranges $8,000,000 in Acquisition Financing and Provides Consulting for the Group-up Development Phase
FinanceMiami has arranged $8,000,000 in acquisition financing for a pre-development land-multifamily acquisition in Fort Lauderdale, Florida. FinanceMiami also provided consulting services for the ground-up vertical component phase. The property includes 0.78 acres of covered land, which includes 24 units of multifamily and 7 boat slips, the vertical component will incorporate high-end residences, state-of-the-art retail & hospitality amenities, with 360- river and oceanfront views.
“This is an excellent deal for our clients, Eduardo Pelaez, Managing Principal of Wellmeaning Properties, and Cesar Paniagua, Managing Director of VyV Inmobiliaria” said Emile Schachter, Senior Associate at FinanceMiami. “We battled through the choppy waters of current capital markets and were able to arrange very competitive terms; we are very content with the outcome and look forward to being a strategic partner for the group and for the ground-up phase as well”.
