Senior Acquisition Loan

North Bay Village, FL

Continuum On The Bay

Acquisition financing for a prime waterfront site and future hi-rise luxury condo development.

June 21, 2024

Date of Investment

$67.64M

Capital Deployed

Senior Acquisition Loan

Investment Type

Acquisition

Investment Purpose
Summary

Longline Financial originated a $67.64M loan for the acquisition of a 118-key Best Western and Shucker’s Bar and Grill on North Bay Village. Sponsor completed a light renovation and brought in Palm Tree Crew as part of a rebrand while they complete predevelopment work for a future luxury hi-rise condo development.

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