JVP Management Provides $140.2 Million Construction Loan for Alta New River in Fort Lauderdale
JVP Management has secured a $140.2 million senior construction loan to finance the development of Alta New River, a 35-story luxury rental tower in downtown Fort Lauderdale, Florida. Developed by Alta Developers, the project will feature 400 high-end residential units and premium amenities including a resort-style pool deck, fitness center, and co-working spaces. The financing marks the third transaction between JVP Management and Alta Developers, highlighting a strengthening partnership in the South Florida multifamily market. Construction is scheduled to commence in November 2026, with an expected completion date in the fourth quarter of 2028. The project aims to capitalize on steady renter demand near key transit hubs like the Brightline station.
Topics: construction loan luxury residential development multifamily housing real estate financing