Newgard Development Group has obtained a $35.6 million loan to finance construction of the Gale Residences near Fort Lauderdale beach.

The Miami company led by Harvey Hernandez, who developed the nearly completed Centro condominium in downtown Miami, secured the construction loan Tuesday from Hall Structured Finance, a private real estate lender based in Dallas. The Gale Residences will be a tony 12-story condominium with 129 residences ranging from one- to three-bedroom units.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]