An entity tied to developer Cavache Properties has secured a $17m loan. The funding will be used for the construction of 30 Thirty North Ocean, a boutique condominium project in Fort Lauderdale Beach. To go up on a one-acre site, the scheme will include 24 condominium units. Trez Forman Capital Group, a joint venture formed in 2016 by Forman Capital and Trez Capital Group, provided the loan.
“We are thrilled to expand on our recent Fort Lauderdale activity with the 30 Thirty North Ocean project,” said Brett Forman, president and CEO of Trez Forman. “The Fort Lauderdale Beach neighborhood has come into its own as a residential destination. With 30 Thirty North Ocean, Cavache is developing a boutique product of the highest quality in the neighborhood.”
