Indian Creek Village in Florida — Courtesy: Silver Arch Capital Partners
By Joshua Burd
Silver Arch Capital Partners has closed a nearly $33 million loan in connection with a two-acre lot in the man-made island in South Florida sometimes described as Billionaire Bunker.
The private lender, which is based in Hackensack, said the client will use the financing to pay off debt and cash out for other investment opportunities. It noted that the $32.5 million loan amount exceeds what the borrower paid six years ago for the property on what’s formally known as Indian Creek Village, touting it as an impressive return on undeveloped land.
“Given the village’s prime location and extremely limited availability, any kind of property there, including undeveloped land, is an ultra-rare and highly coveted asset,” said Jeffrey Wolfer, Silver Arch’s CEO and president. “Billionaire Bunker’s reputation precedes it — there are buyers from all over the world lining up for the chance to own this slice of paradise.”
The lender noted that Indian Creek Village, which is surrounded by Biscayne Bay, Surfside and Miami Beach, is reportedly a landing spot for some of the nation’s most high-profile figures, including Amazon founder Jeff Bezos, Carl Icahn, Ivanka Trump and famed quarterback Tom Brady. That makes it one of the country’s most exclusive waterside locales and a setting in which Silver Arch needed to act quickly to close the loan.
“We are proud to say that we see wide-open highways where others see brick walls,” Wolfer said. “Borrowers know us because of our creative approach to complex deals and our proven track record with these deals.”
