Joint Venture Secures $77.7 Million in Acquisition Financing for Miami Property

by Channing Hamilton

MIAMI — A joint venture between BH Group and InterVest Capital Partners has received a $77.7 million loan for the acquisition of Wake Biscayne Bay, a 338-unit community in Miami’s North Bay Village. Locally based BridgeInvest provided the loan. The property consists of two 10-story buildings at 7525 E. Treasure Drive and 1900 S. Treasure Drive. Apartments come in studio, one-, two- and three-bedroom floor plans, according to the property website.

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