Maxim Capital, BH3 Lend $74M on South Florida Condos Development

Excerpt from the Commercial Observer website: New Jersey developer U.S. Development has secured $73.8 million of construction financing to build a condominium project in Florida’s Broward County, Commercial Observer has learned.

Maxim Capital Group and BH3 Management provided the loan facility for the planned 40-unit Salato Pompano Beach condo development in Pompano Beach, Fla. U.S. Development has sold 40 percent of the residences and is slated to complete the project by 2026, according to the Jersey City-based developer.

Read the full article here: https://commercialobserver.com/2024/09/maxim-capital-bh3-74m-south-florida-condos/?utm_source=linkedin&utm_medium=organic-social&utm_campaign=editorial