PMG Closes on $115M Financing for Fort Lauderdale Condos

PMG secured $115 million in construction financing for Sage Intracoastal Residences Fort Lauderdale, a 28-story condominium along 200 linear feet of Fort Lauderdale’s Intracoastal waterway. Financing was provided by GoldenTree Asset Management. The transaction was led by PMG’s Capital Markets team, led by Andrew Warman. The property broke ground last month and is slated for completion in late 2027.

Sage Intracoastal Residences Fort Lauderdale consists of 44 residences with unobstructed views of the Intracoastal and Atlantic Ocean. Designed by FSMY Architects, the property will offer two-, three-, and four-bedroom private residences starting at 2,767 square feet.

19,000 square feet of private indoor and outdoor amenities will also be available to residents, including a golf simulator and an integrated wellness circuit, such a fitness studio, a movement studio, and a yoga lawn. Outdoor amenities include an expanded jacuzzi, a pool with a lounge area, a grilling station with dining tables, a water view bar and lounge, and cabana suites.