
Grant Cardone has submitted a $230 million stalking horse bid in bankruptcy court for a distressed multifamily apartment complex in Boca Raton. The deal, scheduled for court consideration on June 4, 2025, will incorporate $100 million in Bitcoin as part of the investment strategy. Cardone plans to raise funds through crowdfunding, combining real estate and Bitcoin investments in a new line of funds aimed at investors with little to no prior Bitcoin exposure. This approach represents a novel integration of cryptocurrency into traditional real estate investment. Separately, Grover Corlew secured $92 million in construction financing for an apartment project near Citrix headquarters in Fort Lauderdale, and Alta Developers obtained an $88.5 million construction loan for the Cassia condominium in Coral Gables, which will allow short-term rentals.
Alta Developers obtains $88.5M construction loan for Cassia condo in Coral Gables. It will permit short-term rentals https://t.co/4qixLSpso8
Grover Corlew to build apartments near Citrix HQ in Fort Lauderdale with $92M in construction financing https://t.co/OlQXQY1eXO
Grover Corlew to build apartments near Citirx HQ in Fort Lauderdale with $92M in construction financing https://t.co/7IM9zNGDiP