**Ascendra Capital and BAM Development Launch 117-Unit Condo Project in Coral Gables with $60M Financing**
Ascendra Capital and BAM Development have partnered to develop a new 117-unit condominium project in Coral Gables, Florida. The eight-story development, known as Seventeen Gables Residences, secured a $60 million construction loan from Dwight Mortgage Trust.
The condominium will feature a mix of one-, two-, and three-bedroom units, with most residences priced under $1 million. Planned amenities include a swimming pool, sauna, fitness center, resident lounge, co-working spaces, and approximately 2,000 square feet of ground-floor retail. Residents will also benefit from assigned on-site parking.
The project is strategically located at the corner of 17th Street and Douglas Road, offering walkable access to Coral Gables’ Miracle Mile. It is also conveniently situated within a 20-minute drive from Brickell, Downtown Miami, and Miami International Airport.
The $60 million transaction was originated by David Scheer and Alex Izso, and arranged by Isaac Filler, Steve Edelstein, and Yossi Koschitzki of Filler Capital. The financing was provided by Dwight Mortgage Trust, an affiliate of Dwight Capital.
