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JACKSONVILLE, FL-Miami-based developer American Land VenturesLLC has received more than $100 million in financing for thedevelopment of the Strand. The 295-unit high-rise tower is underconstruction on the south bank of the St. Johns River inDowntown.

Miami-based Madison Capital Group LLC acted as exclusivefinancial advisor to American Land Ventures in the transaction."The Strand represents Madison's continued ability to close onunique and complex transactions," says Madison Capital Groupmanaging director Timothy Martorella. "Through Madison's extensivecapital relationships, market knowledge and deal structuringability, we were able to arrange attractive joint venture equityprior to the project receiving its final C.O. allowing the buyer tobegin presales and marketing without incurring the expense ofcarrying the building."

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