Edgewood closed a $4,800,000 first mortgage bridge loan secured by a 4,400 SF commercial building with 59 metered parking spaces in Fort Lauderdale, FL. The financing allowed the sponsor to refinance existing debt and provided flexibility for future redevelopment, with current cash flow from a new long-term restaurant tenant. Edgewood remains active in originating bridge loans for transitional and value-add commercial properties in strong urban markets.
