The Fort Lauderdale beach project was a little like the Goldilocks story — some lenders thought it was too big, others too small.
August 30, 2016 at 11:00 AM
1 minute read
When Aztec Group directors sought a construction loan for a Fort Lauderdale condominium, they went looking for a lender that would provide financing for the developer’s grand plan to link the old and the new.
Most immediately, Newgard Development Group needed a loan to build the Gale Residences, a 12-story luxury condo a block from the beach and overlooking the Intracoastal Waterway at 401 Bayshore Drive.
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