Manhattan Bridge Capital's VDA Origin Secures $30.5M for Luxury Bay Harbor Islands Project
- VDA Origin secured a $30.5 million loan from S3 Capital for their luxury condominium project in Bay Harbor Islands.
- The Origin Residences project features 27 high-end residences, with 20 already pre-sold, indicating strong market demand.
- VDA Origin aims to offer boutique waterfront living, enhancing the appeal of the project with high-end amenities and prime location.
VDA Origin Secures Funding for Luxury Condominium Development in Bay Harbor Islands
VDA Origin, a prominent Chilean real estate development firm, recently announces the successful acquisition of a $30.5 million construction loan from New York-based S3 Capital. This funding is earmarked for the advancement of their luxury condominium project, Origin Residences by Artefacto, located in the upscale Bay Harbor Islands of Florida. The construction of this exclusive seven-story boutique condominium, which broke ground in April 2025, is expected to be completed by late 2026. Designed by the renowned Revuelta Architecture International, Origin Residences will comprise 27 high-end residences, each meticulously branded and furnished by the Brazilian design house Artefacto. This development promises to resonate with affluent buyers, reflecting a sophisticated Miami lifestyle.
The project features residences ranging from 2,135 to 2,200 square feet, with prices set between $3.8 million and $4.5 million. Notably, the project has already seen strong market interest, as 20 out of the 27 residences have been pre-sold, signaling robust demand for luxury real estate in this coveted location. Mauricio Moya, co-founder of VDA Origin, expresses enthusiasm about the partnership with S3 Capital, highlighting their expertise in financing exceptional developments. This strategic collaboration aligns perfectly with VDA's vision of providing boutique waterfront living experiences that cater to discerning buyers. The project's appeal is further enhanced by its prime location, characterized by limited real estate inventory, making it a standout opportunity in the competitive Miami market.
Origin Residences aims to offer a range of high-end amenities, including private marina slips, a rooftop pool deck, a fitness center, a coworking space, and a social lounge, all designed to enrich the living experience of its residents. Sergio Guzman, co-founder of VDA Origin, comments on the significance of the project's strong pre-sales and its ability to distinguish itself through thoughtful design and an enviable location. By encapsulating the essence of the Miami lifestyle, Origin Residences positions itself as a premier choice for today's global buyers seeking luxury and exclusivity in a highly desirable neighborhood.
In related industry developments, Flagstar Bank has announced an expansion of its Specialized Industries Group, aimed at enhancing its service offerings to various sectors, including real estate. This initiative reflects a growing trend among financial institutions to adopt a relationship-driven approach, providing tailored capital solutions to meet the unique needs of specific industries. As VDA Origin continues to advance its luxury project, the support of such banking initiatives could prove crucial for developers navigating the complexities of the real estate market.