
$29M Construction Loan Closes for Luxury Bay Harbor Development
Landau Properties has closed on a $29 million construction loan for the upcoming Indian Creek Residences & Yacht Club on Miami’s Bay Harbor Islands. Construction is underway and sales will launch this fall.
Lender BridgeInvest originated the $29 million loan to finance the ground-up construction of Indian Creek Residences & Yacht Club. It is the firm’s most recent transaction in its flagship fund, BridgeInvest Specialty Credit Fund IV. Raffi Landau of Estreich and Company arranged the construction financing provided by BridgeInvest.
“We are pleased to have the confidence of BridgeInvest on this very special project that will offer an unparalleled opportunity on the Bay Harbor Islands,” said Landau Properties Founder and CEO Jonathan Landau. “We received strong lender interest for this project, and this financing package affirms our team’s ability to create an incredible residential experience with a combination of an amazing waterfront location, service-oriented lifestyle and world-class design.”
- ◦Development
- ◦Financing