Fort Lauderdale Condo Project Secures Debt, Equity Investment

The 30 Thirty North Ocean project offers six three-bedroom, three-and-one-half bath floor plans ranging in size from 2,100 square feet to 2,400 square feet. The units are priced from $1.2 million to $1.55 million.

FORT LAUDERDALE, FL—Cavache Properties LLC reports it has secured a $17-million construction loan as well as an additional $6 million in equity for its luxury condo development project in Lauderdale Beach here.

Trez Forman Capital Group of Boynton Beach, FL provided the construction loan for Cavache Properties’ 30 Thirty North Ocean condominium project. Cavache Properties, based in Pompano Beach, FL, reports that prior to securing the construction loan, Roberts Equities LLC of Boca Raton, FL invested $6 million of equity into the project. Construction on the project is scheduled to be completed in the first quarter of 2019.