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Florida & Gulf Coast  + South Florida  + Apartments  |  February 24, 2025
BridgeInvest closes loan for S. Florida Apartments
Mike Boyd
By: Mike Boyd

BridgeInvest Secures Loan for North Bay Village Apartments

BridgeInvest has closed a $77.6 million loan to fund the acquisition of Wake Biscayne Bay, a prime waterfront multifamily complex in Miami’s North Bay Village.

The loan supports an institutional joint venture between BH Group and InterVest Capital Partners, facilitating the purchase of two 10-story buildings at 7525 E. Treasure Dr. (photo) and 1900 S. Treasure Dr., totaling 338 units across 326,356 rentable square feet. The property boasts over 1,000 feet of direct waterfront with unobstructed views of Biscayne Bay, Miami Beach, and Downtown Miami’s skyline.

North Bay Village has emerged as a development hotspot, making this a strategic acquisition in a highly sought-after market.

BridgeInvest website states that it is a vertically integrated investment manager focused on structuring and investing in diversified portfolios of short-term, senior-secured loans collateralized by U.S. commercial real estate (CRE) that seek consistent yield enhancement and downside protection across market cycles.

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BH Group

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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