June 2015, New York, NY - Paradigm Capital, a nation-wide, private commercial real estate bridge lending firm, is pleased to announce that it has funded a $9,700,000.00 1st Mortgage secured by a 30.5 acre assemblage of waterfront resort development property on the Estero Bay in Estero, FL. Paradigm’s loan funded the acquisition which completed the assemblage. Our Borrower plans to construct a 72 wet slip marina with 150 unit dry dock including a restaurant and other retail components and envisions a completed resort community which will include 180 residential condominium units and a 220 room resort/hotel.
Paradigm was able to provide flexibility and a fast, reliable closing process to accommodate the time frame and structuring needs of its Borrower.
According David Kushner, President of Paradigm Credit Corporation, “There were many complexities to this transaction but due to Paradigm’s willingness to creatively accommodate our Borrower’s needs, we were able to avoid any potential pitfalls while still moving expeditiously toward closing.”