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Floridays Development Company secured a $41.5 million senior construction loan for the development of Harborside at Sapphire Bay, a 316-unit Class A waterfront apartment community in Rockwall. Colliers’ Jorg Mast, Chris Paul, and Danny Miller assisted the developer in securing the loan.

Harborside marks the second phase of the Sapphire Bay development, complementing its sister property, Surfside, which has been under construction for the past 22 months and is now delivering its first units. With financing now in place, construction of Harborside is well underway.