BridgeInvest, a balance sheet lender focused on providing short-term, senior-position commercial real estate bridge loans targeting opportunistic and value-add transactions in the Southeast and Central U.S., recently closed on a $7.6 million loan of an owner-occupied acquisition in Wynwood. The lender was represented by Fort Lauderdale partners Brendan Aloysius Barry and Edwin J. Stacker. Miami partner Michelle G. Hendler is involved in client relations.
The retail asset includes 13,700 leasable square feet of space, benefiting from its central location in Miami’s Wynwood neighborhood – a globally recognized destination for art and entertainment and the center of Miami’s rising technology industry. The Shutts team was able to secure the loan in under four weeks to meet the sponsor’s expedited closing time.
About Brendan Aloysius Barry
Brendan Aloysius Barry is a partner in the Ft. Lauderdale office of Shutts & Bowen LLP, where he is a member of the Real Estate Practice Group. A Martindale-Hubbell AV® rated attorney, Brendan has been recognized by Florida Super Lawyers in Mergers and Acquisitions and is Florida Bar Board Certified in Real Estate. He represents owners, developers and lenders in the acquisition, development, finance, leasing and disposition of corporate assets and commercial real estate and has extensive experience in securitized lending, syndications, workouts, restructures, and foreclosures.
About Edwin J. Stacker
Edwin J. Stacker is a partner in the Fort Lauderdale office of Shutts & Bowen, where he is a member of the Real Estate Practice Group. Ed regularly represents clients in the administrative and governmental processes at the local, regional, and state levels representing owners and developers of residential and mixed-use projects, regional malls, hotels, hospitals, industrial parks, telecommunication industries, petroleum and port-related facilities, sports complexes, and public airport expansions.
About Michelle G. Hendler
Michelle G. Hendler is a Partner in the Miami office, where she is Co-Chair of the Creditors' Rights Practice Group. In working to resolve disputes in and outside of the courtroom, Michelle focuses her practice on real estate and creditor's rights litigation. She has 14 years of experience representing lenders, real estate investors, and special servicers in real estate disputes, complex commercial foreclosures, loan enforcement actions, guaranty claims, and note sales, and she represents court-appointed receivers.