Cushman & Wakefield and Greystone announced the closing of $109,164,000 million in financing for the Bread Building, a multifamily property located in downtown Hollywood, Florida. Cushman & Wakefield arranged, and Greystone provided the Freddie Mac loan for the transaction on behalf of borrowers, BTI Partners and Bridge Investment Group.
Cushman & Wakefield's Equity, Debt & Structured Finance team of Chris Moyer and Chris Lentz arranged the financing in collaboration with Greystone's Richard Kourbage, Gillian McIlroy, and Zach Shabinsky.
BTI Partners and Bridge purchased the vacant Hollywood Bread Building in 2021 and completed construction on the new residential tower in late 2025, reaching full occupancy in September 2026. The 25-story building features 362 residential units, approximately 17,000 square feet of retail space, and 478 parking spaces. The property offers residents a range of amenities, including a swimming pool with poolside cabanas, an expansive sun deck, an outdoor kitchen, a fitness center, and resident gathering spaces.
“The Bread Building represented a compelling lending opportunity in one of South Florida’s most dynamic residential markets,” said Moyer, Executive Managing Director at Cushman & Wakefield. “The property’s prime location in the heart of downtown Hollywood, proximity to major employment centers, and high-quality residential offerings allowed us to capitalize on the continued demand for luxury multifamily housing in South Florida. We’re pleased to have worked alongside BTI Partners, Bridge Investment Group and Greystone to execute this financing.”
“We are pleased with the strong execution achieved through Freddie Mac’s financing program of this transaction. Utilizing Freddie Mac’s Lease-Up Loan program, we were able to provide the borrower with a cash-out refinance, full term interest only, and 35-year amortization,” said Richard Kourbage of Greystone. “The Bread Building’s successful lease-up and strong market fundamentals made it an excellent candidate for this financing, and we appreciated the opportunity to deliver a solution that supports the property’s long-term success.”
“Downtown Hollywood continues to evolve into one of South Florida’s most vibrant urban destinations, and the Bread Building is an important part of that transformation,” said Jacob Breakstone, Manager, Urban Development at BTI Partners. “The property’s successful lease-up reflects the growing demand for high-quality residential living in Hollywood. This refinancing is another significant milestone for the project and reinforces our confidence in downtown Hollywood’s continued growth and long-term potential.”
Located at 1770 S. Young Circle, the Bread Building sits adjacent to the 10-acre ArtsPark at Young Circle, offering residents convenient access to downtown Hollywood's restaurants, entertainment, and cultural attractions. Its central location between Miami and Fort Lauderdale connects residents to major employment centers, transportation hubs, and South Florida's beaches.