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LV Lending has announced the closing of a $20.3 million construction loan for Alta Developers’ Alana Condominium in Bay Harbor Islands

Alta Closes $20.3M Construction Loan for Bay Harbor Islands Luxury Condos

LV Lending has announced the closing of a $20.3 million construction loan for Alta Developers’ Alana Condominium. 

Alana is a collection of 30 residences in Bay Harbor Islands featuring a modern design by architect Luis Revuelta. Two- and three- bedroom units will range from 1,229 to 1,662 square feet, with oversized terraces up to 865 square feet.

Bay Harbor Islands is a pair of islands floating in the middle of Biscayne Bay between the Intracoastal waterway, Bal Harbour and Atlantic Ocean beaches. 

Fortune Development Sales, led by Edgardo Defortuna, is the exclusive sales agent. Brian Gaswirth and Paul Adams of JLL Capital Markets represented the development team in placing the financing. 

“Construction started back in May 2023. The building’s exclusivity and curvilinear glass façade will be an elegant addition to the Bay Harbor Island landscape and neighborhood,” according to Raimundo Onetto, principal and CEO of Alta Developers.


Inside The Story

LV LendingAlta Developers

About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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