The Real Deal reported that Madison Realty Capital provided an $80 million construction loan to Clara Homes for a 77-unit luxury apartment building at 10200–10290 East Bay Harbor Drive in Bay Harbor Islands, FL. The financing supports a $108 million project — the third and final phase of Clara Homes' 150-unit luxury residential development in the waterfront community. The six-story building features units averaging 1,850 square feet, ranging from two- to four-bedroom residences, with an expected completion in Q1 2028. The loan was arranged by Jonathan Schwartz and Adam Schwartz of Walker & Dunlop.

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