The loan will fuel construction of the Gale Residences near Fort Lauderdale beach, a 12-story luxury tower being developed by Miami's Newgard Development Group.
August 04, 2016 at 12:00 AM
1 minute read
Newgard Development Group has obtained a $35.6 million loan to finance construction of the Gale Residences near Fort Lauderdale beach.
The Miami company led by Harvey Hernandez, who developed the nearly completed Centro condominium in downtown Miami, secured the construction loan Tuesday from Hall Structured Finance, a private real estate lender based in Dallas. The Gale Residences will be a tony 12-story condominium with 129 residences ranging from one- to three-bedroom units.
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