BTI, Bridge Investment’s Hollywood Bread Building lands $109M refi as big-loan binge rolls on

Downtown Hollywood’s Bread Building scored a $109.2 million refinancing, capping weeks of big loans in South Florida.  The financings come amid elevated interest rates and somewhat skittish capital markets, especially for regional multifamily that’s been battered by oversupply in recent years.  Fort Lauderdale-based developer BTI Partners and Salt Lake City-based Bridge Investment Group obtained the Freddie Mac loan from Greystone for the 25-story, 362-unit building it completed last year, according to a news release from Cushman & Wakefield, which arranged the refinancing. The debt has a 35-year amortization and interest-only payments for the full loan term.  The building, which replaced […]

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