North Fort Myers News
Mast Capital Secures $65 Million Construction Loan for Multifamily Development Hancock Bridge Square in North Fort Myers
Mast Capital, one of the state’s most active real estate development and investment firms, in partnership with Chicago-based private equity group BLG Capital Advisors, announces it has secured financing and broken ground on an upscale residential rental community in North Fort Myers. The firm, which acquired the site totaling 14.5 acres of land in 2022, has secured $65 million in construction financing from lender Centerbridge Partners, which served as agent for MassMutual Life Insurance Company, and JLL Capital Markets represented the joint venture in securing the loan. With ...