Madison Realty Capital Lends M on South Florida Apartments Build
Invesca Development Group has sealed $85 million of construction financing to build a luxury apartment building in Florida's Broward County just ou...
Invesca Development Group has sealed $85 million of construction financing to build a luxury apartment building in Florida's Broward County just outside Fort Lauderdale, Commercial Observer has learned. Madison Realty Capital supplied the loan for Invesca's planned PIXL Plantation, a 330-unit project in Plantation, Fla. BayBridge Real Estate Capital's Jay Miller, Spencer Miller and AJ Felberbaum originated the transaction. 'As the property's prior lender and a repeat lender to Invesca, we were uniquely positioned to provide Invesca with a customized financing solution for the completion of a large residential project that is midway through construction,' Josh Zegen, managing principal and co-founder of Madison Realty Capital, said in a statement.