BridgeInvest Funds $8M Luxury Home Construction Loan in Delray Beach
This article originally appeared on www.bridgeinvest.com.
BridgeInvest recently closed a $7,975,000 construction completion loan secured by a 12,500 SF waterfront, ultra-luxury home located in Delray Beach, Florida – one of the fastest growing cities in Palm Beach County. Located across A1A from the beach, the three-story home boasts over 140 linear feet of unobstructed ocean views. The property is less than a half mile from Atlantic Avenue, the center for entertainment in Downtown Delray Beach, providing easy access to desirable retail and restaurants. The home includes amenities such as a pool, spa, gym, wine cellar, 5-car garage and a summer kitchen. The loan will allow the sponsor, National Realty Investment Advisors (NRIA), to complete construction and design changes for the home.