By the Numbers
Project Highlights
- Location: Homestead, Florida
- Property structure: 19.24-acre land parcel planned for 225 residential homes
- Project status: Planned workforce housing development
- Sales status: To be confirmed
- Borrower profile: BlueNest Development, an experienced South Florida real estate developer
- Loan purpose: Acquisition of a 19.24-acre land parcel
- Exit strategy: Construction loan
- Purchase price: $10,800,000
- Developer equity contribution: $5,400,000
- Appraised land value: $21,000,000
- Closing date: April 2026
- Final deal status: To be confirmed
Deal Overview
The borrower needed a bridge loan to acquire a 19.24-acre land parcel planned for a 225-home residential development. The project is designed as a workforce housing model, with a focus on improving affordability and access for end buyers.
The purchase price is $10,800,000, with $5,400,000 contributed as developer equity. Based on the information provided, the appraised value of the land parcels is $21,000,000.
The Challenge
This deal required a flexible short-term lending structure before the project moved into the construction phase. The transaction involved a larger land acquisition, development planning, and a future construction loan exit.
The exact sales status and final deal outcome are to be confirmed based on the information provided.
Sky 18 Capital's Solution
Sky 18 Capital reviewed the opportunity as an 18-month bridge loan. The structure gave the borrower a financing path for the land acquisition while keeping the deal supported by developer equity, appraised land value, and a defined exit strategy.
The expected exit strategy is a construction loan.
Investment Thesis
This deal shows several strong lending factors:
- $6,000,000 bridge loan opportunity
- Development site planned for residential use
- 19.24-acre land parcel
- Planned 225-home workforce housing development
- Experienced developer: BlueNest Development
- $5,400,000 developer equity contribution
- $21,000,000 appraised land value
- Clear exit strategy through a construction loan
- Final outcome: To be confirmed
The Result
The bridge loan structure gave the borrower a short-term financing path for the land acquisition 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 land value, developer equity, and a practical construction loan 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.