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Concord Summit Capital Closes $26.8 Million in | MultifamilyBiz.com

DANA POINT, CA - Concord Summit Capital, LLC (“Concord Summit”) arranged $26.8 million of total construction financing for Del Prado Place, a mixed-use condominium development in Dana Point, Calif., a coastal community located in Orange County, about halfway between Los Angeles and San Diego. Concord Summit sourced a $17 million Senior Construction loan and $9.8 million in CPACE financing.
Del Prado Place will offer 18 spacious one- and two-bedroom condominiums with expansive...

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Concord Summit Capital and Vista Development Ltd. Closes Construction Financing for The Andaz Hotel and Residences Turks & Caicos

/PRNewswire/ -- Concord Summit Capital, LLC (Concord Summit) and Vista Development Ltd. sourced the final round of construction financing for the $165 million...

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Concord Summit Capital Closes $60 Million Construction Financing for 180-Unit Multifamily Development in Hollywood, Florida

FORT LAUDERDALE, FL - Concord Summit Capital, LLC (“Concord Summit”) arranged a $50 million construction loan and $10 million of preferred equity for a multifamily development in Hollywood, Florida. David Larson, Keegan Burger, and Daniel Rojo of Concord Summit’s Miami office served as advisors and sourced the financing.
The funds will be used for the construction of a 180-unit apartment development located in the core of Hollywood’s entertainment district –...

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Concord Summit Capital Closes $32.6 Million of Total Construction Financing for ShoreHouse

/PRNewswire/ -- Concord Summit Capital, LLC ("Concord Summit") arranged $32.6 million of total construction financing for ShoreHouse, a mixed-use condominium...

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Concord Summit Capital Closes $232.5 Million of Total Construction Financing for The Kindred Resort, a Luxury Ski-In-Ski-Out Mixed-Use Development in Keystone, Colorado

Concord Summit Capital Closes $232.5 Million of Total Construction Financing for The Kindred Resort, a Luxury Ski-In-Ski-Out Mixed-Use Development in Keystone, Colorado
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Concord Summit Capital Closes $109 Million of Construction Loans for Multifamily Housing and Condo-Hotel Development Projects

FORT LAUDERDALE, FL - Concord Summit Capital, LLC (“Concord Summit”) arranged two construction loans totaling $109 million in the Greater Orlando Area. Managing Director Kevin O’Grady, Director Justin Neelis and Senior Analyst Daniel Rojo of Concord Summit’s Miami office was the exclusive advisor and sourced the financing on both.
The first is a $55 million construction loan for The Registry at Grass Lake, a 320-unit market-rate apartment community in Winter Garden...

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Concord Summit Capital Closes $269 Million Construction Loan for Luxury Nautilus 220 Condominium Project in Palm Beach County

FORT LAUDERDALE, FL - Concord Summit Capital, LLC (“Concord Summit”) arranged a $269 million construction loan for Nautilus 220, a 330-unit luxury condominium project that is the first of its kind in Palm Beach County’s Town of Lake Park. The borrower, Forest Development, is developing 24-story twin condo towers on the water with a restaurant from renowned chef David Burke and many amenities in the once-overlooked town just across the Intracoastal Waterway from Singer...

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Concord Summit Capital Closes $70 Million Bridge Loan for 376-Unit Heron Pointe Apartment Community in Suburban Buffalo

BUFFALO, NY - Concord Summit Capital arranged a $70 million bridge loan to the developer of a 376-unit luxury apartment community in the suburbs of Buffalo, New York. Buffalo-based Rane Property Management LLC has already completed the 232-unit first phase of Heron Pointe Apartments and is currently building out the final 144 units, which should be delivered in the third quarter of 2022.
The new financing package will be used to pay off a construction loan. TPG (NASDAQ: TPG) provided the...

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