By the Numbers
Project Highlights
- Location: Homestead, Florida
- Property: 8+ acre development site
- Project: Planned workforce housing development
- Loan purpose: Land acquisition
- Loan type: Bridge Loan
- Loan amount: $4.4 million
- Loan term: 24 months
- Borrower profile: Experienced South Florida developer
- Status: Acquisition closed
Deal Overview
An experienced South Florida developer was acquiring an 8+ acre development site in Homestead with plans for a workforce housing community.
The project presented an attractive development opportunity, but like many land acquisitions, timing and certainty of capital were critical.
The borrower needed a lending partner that could understand both the immediate acquisition and the larger development plan, then provide a practical path toward closing.
The Challenge
Development deals don't always fit neatly into a conventional lending box.
Land acquisitions and development projects often involve multiple moving pieces. Timelines matter. Structures evolve. Multiple parties need to stay aligned. And when an acquisition is time-sensitive, delays in financing can put the entire opportunity at risk.
The borrower needed a lender capable of evaluating the transaction efficiently, communicating clearly, and structuring financing around the realities of the deal.
Sky 18 Capital's Solution
Sky 18 Capital worked directly with the borrower to understand the property, development plan, financing requirements, and timeline.
Rather than forcing the transaction into a one-size-fits-all lending structure, the team focused on creating a bridge solution appropriate for the acquisition and the borrower's plans for the property.
$4.4 million closed.
A 24-month bridge loan provided the borrower with the capital needed to complete the acquisition and move the project forward.
What Made the Difference
Speed
The ability to understand a development opportunity and move efficiently when timing matters.
Reliability
Clear communication throughout the transaction and confidence that the lender could execute.
Flexibility
A financing structure built around the transaction rather than forcing the deal into a conventional lending box.
Experience
A team familiar with South Florida real estate, development transactions, and complex financing scenarios.
Direct Access
Borrowers and brokers work directly with decision-makers who understand the deal.
The Result
From opportunity to closing.
The $4.4 million bridge loan closed successfully, allowing the borrower to complete the land acquisition and position the development for its next phase.
The planned project will ultimately focus on workforce housing in South Florida.
For Sky 18 Capital, the transaction represents exactly what private lending should provide:
Speed when timing matters. Flexibility when a deal requires it. Reliability all the way through closing.
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.