Investors from the Northeast and Latin America continue plugging their money into the Miami market as one private, Brickell-based real estate lending firm can attest. BGI Capital closed on $90 million in commercial bridge loans in the last 90 days of 2019, the firm said. Some 90% of the closings — valued at $80 million — occurred in Miami, with the rest in New York City, said co-managing partner Robert Barthelmess. Investors from the Northeast, Colombia, Mexico and Venezuela helped the firm exceed its lending goal of $80 million, he said. “It is a market that we feel comfortable about. Because of the situation in Latin America and tax changes, investors are coming to Miami from elsewhere,” Barthelmess said.
top of page
bottom of page