media contact: hall group dallas – august 3, 2016€¦ · hall structured finance closes $35.6...

MEDIACONTACT:EllenMarsauHALLGroupemarsau@hallgroup.com(214)269-9536or(770)402-2111

FORIMMEDIATERELEASEHALLSTRUCTUREDFINANCECLOSES$35.6MILLIONCONSTRUCTIONLOANFORTHEGALERESIDENCESIN

FT.LAUDERDALE,FLORIDADALLAS–August3,2016–HALLStructuredFinance(HSF)announcedtodaythatthecompanyhasclosedanewloantotaling$35.6milliontofinancetheconstructionofTheGaleResidences,a12-story,129-unitluxurycondominiumprojectinFt.Lauderdale,Florida.TheprojectdeveloperisHarveyHernandez,founderofMiami-basedNewgardDevelopmentGroup.“WewereimmediatelyattractedtoTheGaleResidencesopportunitybasedonthehighqualityoftheprojectanditsexcellentlocationoneblockfromthebeachoverlookingtheIntracoastalWaterwayinFt.Lauderdale,”saidMikeJaynes,presidentofHALLStructuredFinance.“Thispropertywillofferalloftheadvantagesofaluxurycondominiumtoweratafavorablepricepoint,andwebelieveitwillbeverysuccessfulintheSouthFloridamarket.”TheGalewilloffer129residencesforsale,including1,2and3-bedroomhomeswithexclusive,resort-styleamenitiesandviewsoftheIntracoastalWaterwayandAtlanticOcean.UnitsatTheGaleResidenceswillrangeinsizefrom780squarefeettonearly2,000squarefeet.Amenitieswillincludearooftopskydeck,privateresidentlobby,fitnesscenterandspa,conciergeservice,resort-stylepoolsandfullprivilegesattheneighboring96-roomhotel,theGaleHotel,whichisslatedtoopenintandemwiththeresidencesinearly2018.“HALLStructuredFinancehasbeengreattoworkwithandtheirflexible,uniquely-tailoredapproachtofinanceourdevelopmentmadethisloanclosurepossible,”saidHarveyHernandez,chairmanandmanagingdirectorofNewgardDevelopmentGroup.“Thisprojectisone-of-a-kindandit’sgoingtochangetheentireneighborhood.We’regratefultohavepartnersthatrecognizethatandsupportourvision.”Uniqueamenitiesatthepropertyincludeaprivate,resident-onlymovietheatre,resident-onlyelectricbicycles,anoutdoorfitnessandmeditationarea,andthepropertywillusesmartbuildingtechnologyandgreeninnovations.ThisisthefourthloanthatHALLStructuredFinancehasrecentlyclosedinFlorida,includingconstructionloansforhotelprojectsinMiami,OrlandoandJacksonville.AboutHALLStructuredFinanceHALLStructuredFinance(HSF)isanentrepreneurial,value-adddirectprivatelendertotherealestate

industry.Wespecializeinprovidingcapitalforgroundupconstruction,adaptivereuse,andmajorassetrepositioningandrenovationsforcommercialrealestateprojectsthroughouttheU.S.TheHALLStructuredFinancelendingprogramisdesignedtoproviderealestateowners,operatorsanddeveloperswithanalternativetobankfinancing,andisorientedtobearesourcetoprojectsthatmaybeunderservedbytheinstitutionalcapitalmarkets.HSFisapartoftheHALLGroupfamilyofcompanies,whichconsistsofadiversifiedsetofcompanieswithcoreexpertiseinrealestate,inclusiveofdevelopment,managementandleasing.Formoreinformation,visithallstructuredfinance.com.AboutNewgardDevelopmentGroupFoundedbyHarveyHernandez,Newgard’shighlyskilledassociatesbringmorethan50yearsofcombinedexperienceindevelopment,design,marketingandconstruction.HallmarksoftheNewgardapproachtoforward-thinkingdevelopmentincludeinnovativeluxurybuildingsindesirable,centrallylocatedneighborhoods,pedestrian-orientedlifestylesandcuttingedgeamenities.Propertydesignsreflectacommitmenttorelevantarchitecturaldetailingandtheattitudesofresidentsandbusinessusers.TheNewgarddedicationtoqualityextendstoitsprofessionalconstructionteam,insuringsuperiorattentiontodetail,exceptionalfinishesandtimelycompletion.Newgard’srecentprojectsincludeBrickellHouse,Centro,OneFlagleramongothers.Learnmoreatwww.newgardgroup.com.

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