By the Numbers
Project Highlights
- Location: 6111 Broken Sound Parkway NW, Boca Raton, FL 33487
- Property structure: 5-acre site planned for a 160-unit condominium development
- Project status: Approved permits and entitlement update scheduled for January 2026
- Sales status: To be confirmed
- Borrower profile: Experienced real estate developer
- Loan purpose: Short-term bridge financing before the construction phase
- Exit strategy: Refinance into a construction loan
- Appraised land value: $17,750,000
- Closing date: January 22, 2026
- Interest payment schedule: To be confirmed
- Final deal status: To be confirmed
Deal Overview
The borrower needed a bridge loan secured by a 5-acre parcel planned for a 160-unit condominium development. The opportunity was supported by a current appraised land value of $17,750,000 and a conservative 30% current appraisal LTV.
The site is positioned for a future construction phase, with the expected exit strategy being a refinance into a construction loan.
The Challenge
This deal required a flexible bridge lending structure before the project moved into the construction phase. The transaction involved entitlement work, development planning, and timing considerations tied to the future construction loan.
The size of the site and planned condominium development added complexity, but the approved permits and strong land value helped support the loan review.
Sky 18 Capital's Solution
Sky 18 Capital reviewed the opportunity as a 12 to 18-month bridge loan. The structure gave the borrower a short-term financing path while keeping the deal supported by conservative leverage, strong land value, and a clear exit strategy.
Investment Thesis
This deal shows several strong lending factors:
- $4,170,000 bridge loan opportunity
- Development site planned for condominium use
- 30% current appraisal LTV
- Current appraised land value of $17,750,000
- 5-acre parcel
- Planned 160-unit condominium development
- Experienced real estate developer
- Approved permits
- Exit strategy through a construction loan
- Final outcome: To be confirmed
The Result
The bridge loan structure gave the borrower a financing path while preparing for the construction phase. The final outcome of the deal is to be confirmed based on the available information.
This case highlights Sky 18 Capital's ability to review larger private lending opportunities backed by strong land value, conservative leverage, and a practical exit strategy.
Note: This case study is shared for illustrative purposes. Each project is reviewed on its own merits and final terms always depend on the property, borrower profile, documentation, market conditions and underwriting review.