A $7.6 million refinance credit facility has been arranged for Bella Residences, a 23,000-square-foot boutique residential property located at 225 179th Drive in Sunny Isles Beach, Florida. WD Capital Group advised the borrower, Circle Capital Partners, on the transaction and placed the senior loan financing with W Financial.
The transaction was led by Emile Schachter, Managing Partner at WD Capital Group. The refinancing provides new senior credit secured by the Sunny Isles Beach asset, located in the Sunny Isles Shores neighborhood.
“Well-structured refinance transactions remain a critical tool for sponsors seeking to preserve flexibility in today’s market,” said Schachter. “This facility reflects the quality of the asset, the strength of sponsorship, and the importance of aligning capital with ownership objectives.”
Bella Residences spans approximately 23,000 square feet and is situated near the Atlantic Ocean, offering ocean views and direct beach access. The Sunny Isles Beach submarket has continued to draw residential demand amid limited coastal development sites and ongoing population growth across South Florida.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Be the first to comment on "WD Capital Group Arranges $7.6 Million Refinance for Bella Residences at 225 179th Drive in Sunny Isles Beach"