Paterson Project Management, Kadima Developers secure $64M in construction financing for Broward projects amid selective lending market 

South Florida developers scored a combined $64 million in construction financing for two projects in Broward County.  Paterson Project Management nabbed a $31.5 million construction loan for the redevelopment of the Lighthouse Point Yacht Club ahead of the project’s groundbreaking late last month. Brora Capital provided the financing. The $250 million redevelopment of much of the 9.9-acre site at 2701 Northeast 42nd Street in Lighthouse Point will include a 45,850-square-foot private clubhouse with indoor and rooftop event space, the South Florida Business Journal reported. The event space will have a 10,400-square-foot fitness center, five tennis courts, a Junior Olympic-sized pool, […]

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