Florida Property Lands Financing for Rental-to-Condo Conversion
Plantation, Fla.-based Invesca Development and the Gold Coast Florida Regional Center, an EB-5 immigration investing program center, have secured a $55.2 million bridge loan to convert Envy Pompano Beach into condominiums. The 214-unit Class A rental property is located in Pompano Beach, Fla. Executives at Forman Capital noted Pompano Beach is in the middle of…