Alta Developers nabs $140M construction debt for Fort Lauderdale rental project after years of delays

Alta Developers secured a $140.2 million senior construction loan for a 35-story Fort Lauderdale multifamily project that’s been stuck in the pipeline for years.  The Coconut Grove-based firm, headed by Raimundo Onetto, secured the financing for Alta New River at 100 Southwest Sixth Street, as construction financing flows across South Florida. Construction is expected to start this month.  JVP Management provided the loan, which was arranged by the firm’s Anthony Shaskus, Aaron Jurist and Liam Dai, according to a release. It’s JVP’s third transaction with Alta. The financing replaces the developer’s original 2023 loan and boosts it by $129.8 million, […]

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