Mission Capital arranges financing for oceanfront condominium in Hollywood

sage beach hollywood florida

Mission Capital Advisors, a national real estate capital markets solutions firm, announced that its Debt & Equity Finance Group arranged $19.2 million in financing for the construction of Sage Beach, a 24-unit luxury oceanfront condominium development in Hollywood, Fla.

The financing was arranged on behalf of Property Markets Group.

The 66% loan-to-cost financing is unprecedented in this market cycle for a condominium development.

The transaction is managed by a team led by Mission Capital Managing Director Jordan Ray, Managing Director Jason Cohen and Director Ari Hirt.

Designed by world renowned-architect Carlos Ott, the residences at Sage Beach are situated on a pristine, 300-foot beach surrounded by tropical landscape.

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