Bravo Capital Refis Delaware Apartments With $44M HUD Loan

Summary

Delaware developer The Buccini/Pollin Group (BPG) has landed $44.2 million of agency-backed debt to refinance a multifamily property in Wilmington, Del.,Commercial Observer has learned.

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New York, NY – August 20, 2025– Bravo Property Trust, an affiliate of Bravo Capital, led by founders Gabi Moshayev and Aaron Krawitz announced the successful closing of a $170 million construction and land loan for a premier waterfront Miami development in the premier Edgewater district. The financing supports the acquisition and pre-development of a 40-story, ultra-luxury condominium tower set to rise along Biscayne Bay, one of South Florida’s most sought-after waterfront corridors.

The project will deliver 134 expansive residences with floorplans and finishes tailored to maximize panoramic bay views and elevate the standard for bespoke urban living. The building will feature an extensive amenity suite, including a resort-style pool deck, private dining facilities with a chef’s kitchen, a screening room, and co-working spaces with eight fully enclosed office suites.

“Waterfont Miami development sites of this caliber are rare and we are equally as impressed with the sponsorship’s experience and vision,” said Aaron Krawitz, CEO of Bravo Property Trust. “This $170 million Edgewater transaction marks the fulfillment of a long-standing strategy in Miami,” said Gabi Moshayev, Chairman and Co-Founder of Bravo Property Trust. “It brings together a prime location, a top-tier sponsor, and a structure that offers institutional-quality opportunities for our partners while reinforcing Bravo’s commitment to premier U.S. markets.” 

Located steps from Margaret Pace Park and the planned Baywalk, the property provides direct access to over eight acres of waterfront greenspace, as well as seamless connectivity to Midtown, Wynwood, the Design District, Downtown Miami, and Miami International Airport.

About Bravo Property Trust:

Bravo Property Trust is a vertically integrated bridge and construction lending platform focused on institutional-quality real estate throughout the United States. Together with its affiliates, Bravo has originated and closed over $1.8 billion in financing. For more information, visit https://bravopropertytrust.com

NEW YORK, August 13, 2025 – Our latest whitepaper summarizes the impact of President Trump’s long-awaited tax bill on the commercial real estate industry, and provides a walkthrough of how adjustments to deductions, expenses and incentive programs will shape project feasibility and after-tax returns.Key Takeaways
  • Section 275, State and Local Tax (SALT) Deduction Cap Adjustments: Raises the SALT cap to $30,000 with phased reductions for high earners, permanently extending the cap and introducing anti-avoidance provisions.
  • Section 42(h)(3)(i), LIHTC Reform: Increases state tax credit allocations by 12%, lowers bond-financing thresholds to 25%, and strengthens HUD underwriting—expanding the pipeline of HUD-eligible LIHTC developments.
  • Section 199A, Qualified Business Income Deduction (QBI): Permanently extends the 20% deduction for pass- through income, raises phase-in thresholds, and introduces a $400 minimum deduction for active participants, reinforcing the tax efficiency of real estate investment through LLCs and partnerships.
  • Section 1400Z-19(c), Qualified Opportunity Zones Renewal (QOZ): Creates new QOZ designations effective 2027–2033, with expanded benefits including basis step-ups and ordinary income deferral, while imposing stricter eligibility and reporting requirements.
  • Section 179(b), Expensing Expansion: Doubles the IRC §179 deduction cap to $2.5M with a $4M phase-out threshold, allowing for accelerated cost recovery on qualifying properties.
Read the full whitepaper here: [Download]

NEW YORK, July 30, 2025 – Our latest whitepaper deconstructs the impact of tariffs on the construction industry, and provides actionable strategies that lenders can employ to mitigate risk.

Executive Summary

  • President Trump’s 2025 tariffs have increased construction material costs and reintroduced budget volatility, elevating risk for real estate development and construction lending.
  • Key mitigants for lenders include larger contingency budgets, Guaranteed Maximum Price (GMP) contracts, and early buyouts with reputable subcontractors.
  • Bravo Property Trust outlines how strategic underwriting and deal structuring can ring-fence this risk and protect investor capital.

Read the full whitepaper here: [Download]