LV Lending, a leading private lender specializing in bridge loans for commercial and residential investment properties and developments, today announced the successful closing of a $20.3 million construction loan for Alta Developers’ Alana Condominium, an exclusive boutique collection of 30 residences located in Bay Harbor Islands.
Alana features a minimalistic, modern exterior design by renowned architect Luis Revuelta. Residents will enjoy rarefied island living with expansive residences of two- and three-bedroom floorplans ranging in size from 1,229 to 1,662 square feet and oversized terraces of up to 865 square feet.
Fortune Development Sales, led by Edgardo Defortuna, is the exclusive sales and marketing agent. Brian Gaswirth and Paul Adams of JLL Capital Markets represented the Alta Developers team in placing the financing.
“Construction started back in May 2023,” notes Raimundo Onetto, principal and CEO of Alta Developers. “The building’s exclusivity and curvilinear glass façade will be an elegant addition to the Bay Harbor Island landscape and neighborhood.”