Ability by Acierto Closes on $14 Million Construction Loan For Bijou Bay Harbor

Ability by Acierto just closed on a $14 million of construction loan for Bijou Bay Harbor, their new luxury condominium development on Bay Harbor Islands. The Miami-based LV Lending is providing the financing. Ability by Acierto is led by Juan Carlos Gonzalez and the developer broke ground on the 41-unit building located at 9521 East Bay Harbor Drive in December 2016. Ability by Acierto recently hired Pordes Residential to take over sales of the project where units range from 900 SF to 2,100 SF and pricing ranges from the $600,000 to just under $2 million for each of five penthouses. The developer also recently reduced deposit requirements from 50% to 30%. Bijou Bay Harbor will be a 9-story building and was designed by Revuelta Architecture International with interiors by Adriana Hoyos. Amenities will include a poolside lounge and bar, rooftop lounge, gym, outdoor entertainment area with fire pit and pool as well as bay access for boating and water sport.