Manhattan Bridge Capital Supports VDA Origin's $30.5M Luxury Condo Project in Florida
- VDA Origin partners with S3 Capital, securing a $30.5 million loan for the luxury Origin Residences project.
- The development features 27 upscale condominiums in Bay Harbor Islands, with 20 already pre-sold.
- VDA Origin focuses on luxury living, enhancing its reputation in high-end real estate development in Miami.
VDA Origin Secures Financing for Luxury Condominium Development in Florida
VDA Origin, a real estate development firm based in Chile, achieves a significant milestone by securing a $30.5 million construction loan from New York's S3 Capital. This funding is directed toward the ambitious project, Origin Residences by Artefacto, an upscale condominium development located in Bay Harbor Islands, Florida. Groundbreaking for this boutique development occurred in April 2025, with project completion anticipated in late 2026. The condominium will feature 27 luxury residences, each designed and furnished by the prestigious Brazilian design house, Artefacto. The residences will range from 2,135 to 2,200 square feet and are priced between $3.8 million and $4.5 million, appealing to a high-end market demographic.
The strong demand for the project is evident, as 20 of the 27 residences have already been pre-sold, underscoring the project's attractiveness in a competitive market. Mauricio Moya, co-founder of VDA Origin, expresses his excitement about collaborating with S3 Capital, highlighting the latter's expertise in financing exceptional developments. This partnership aligns with VDA's vision of providing boutique waterfront living experiences in Miami. The project is designed by the esteemed Revuelta Architecture International and promises a suite of high-end amenities, including private marina slips, a rooftop pool deck, a fitness center, and social spaces that encapsulate the Miami lifestyle.
VDA Origin’s focus on luxury living in an area characterized by limited real estate inventory positions Origin Residences as a prime opportunity for discerning buyers. Co-founder Sergio Guzman points to the project's unique location and design as key differentiators that resonate with today’s global buyers. As the development progresses, it becomes clear that VDA Origin is not only enhancing the landscape of Bay Harbor Islands but also solidifying its reputation as a leading player in high-end real estate development.
In a related note, the financial landscape for real estate development continues to evolve, as seen with Flagstar Bank's recent expansion of its Specialized Industries Group. This initiative aims to offer tailored financial solutions to various sectors, reflecting a growing trend towards industry-specific expertise in banking. As VDA Origin moves forward with its luxury condominium project, the integration of specialized financial services may play a crucial role in its ongoing success.
Overall, the collaboration between VDA Origin and S3 Capital signifies a robust investment in the luxury real estate market, highlighting the demand for high-quality living spaces in prime locations. As developments like Origin Residences take shape, they contribute to the dynamic growth of the Miami real estate landscape.