**BridgeInvest Finalizes $77.6M Loan for North Bay Village Multifamily Acquisition**
BridgeInvest has successfully closed a $77.6 million loan to support the acquisition of Wake Biscayne Bay, a premier waterfront multifamily complex in Miami’s North Bay Village.
The loan facilitates an institutional joint venture between BH Group and InterVest Capital Partners, enabling the purchase of two 10-story buildings located at 7525 E. Treasure Dr. and 1900 S. Treasure Dr. The properties comprise a total of 338 units across 326,356 rentable square feet. Positioned along more than 1,000 feet of direct waterfront, the complex offers unobstructed views of Biscayne Bay, Miami Beach, and Downtown Miami’s skyline.
North Bay Village has become a key development hotspot, making this acquisition a strategic investment in a high-demand market.
BridgeInvest describes itself as a vertically integrated investment manager specializing in structuring and investing in diversified portfolios of short-term, senior-secured loans backed by U.S. commercial real estate. The firm focuses on delivering consistent yield enhancement and downside protection across market cycles.
About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax (www.griffintax.com) and REVVED Up Accounting (www.revvedupaccounting.com). In addition, Steve founded Madison Avenue Technology (www.madisonave.tech). With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.
