- Stratton Capital Group
- Mar 6
- 2 min read
Stratton Capital Group Closes $38 Million Bridge Loan for Class-A Multifamily Development in Fort Lauderdale
Stratton Capital Group has successfully closed a $38 million bridge loan for the development and stabilization of a Class-A multifamily community located in Fort Lauderdale’s rapidly expanding Flagler Village district, one of South Florida’s most active residential growth corridors.
The financing was structured as an 8.95% interest-only bridge facility, providing the sponsor with flexible capital to support the project through its final development phase and lease-up period. The structure allows the borrower to preserve cash flow during stabilization while positioning the asset for permanent financing once occupancy targets are achieved.
The project is located in Flagler Village, a neighborhood that has evolved into one of Fort Lauderdale’s most dynamic urban districts. Positioned just minutes from Las Olas Boulevard, the Brightline Fort Lauderdale station, and the city’s downtown employment center, the area has experienced significant population growth driven by corporate relocation, job creation, and sustained demand for high-quality rental housing across South Florida.
Upon completion, the development will deliver approximately 250 Class-A residential units, featuring modern design, lifestyle amenities, and ground-level retail intended to activate the surrounding streetscape. Residents will benefit from proximity to major transportation corridors, Fort Lauderdale’s waterfront, and a rapidly expanding mix of restaurants, entertainment venues, and office developments throughout the downtown area.
Stratton Capital Group structured the $38 million bridge loan to ensure the sponsor maintains the flexibility necessary to complete development and stabilize the asset in a capital markets environment where many traditional lenders remain selective with new construction exposure. Bridge financing continues to play an important role in allowing experienced developers to move projects forward while preserving optionality for future refinancing or recapitalization.
“South Florida continues to demonstrate some of the strongest multifamily fundamentals in the country,” said Lantz George, CEO at Stratton Capital Group. “This transaction reflects our ability to structure flexible bridge capital for experienced sponsors in high-growth markets where demand for quality housing continues to outpace supply.”
This closing reflects Stratton Capital Group’s continued focus on providing commercial real estate bridge financing for transitional assets and development projects in high-growth markets across the United States.
The full press release is also available for viewing on GlobeNewswire, where it has been distributed to financial media outlets, industry publications, and news platforms covering the commercial real estate and capital markets sectors.