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Miami-based lender BridgeInvest, banking on an increased demand for short-term loans, just closed a second fund, with another in the works. So reports The Real Deal.

BridgeInvest provides construction loans in Texas and the southeast and its latest fund has a $200 million total cap. "It specializes in value-add deals where there is limited or no cash-flow, customized terms and short time frames,” according to the article. Short-term lenders are growing in popularity, as banks have backed away from customizable and ground up loans.

Read the full article from The Real Deal.

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