Madison Realty Capital Provides $128M Refinance Loan For Hallandale Beach Multifamily Property

The property involved in this closed transaction is a multifamily asset located at 2000 Ocean Drive in Hallandale Beach. The property spans a total square footage of 357,000 and consists of 64 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $128,000,000
• Address: 2000 Ocean Drive, Hallandale Beach
• Market: Hallandale Beach
• Lender: Madison Realty Capital
• Landlord: KAR Properties

The loan amount for this transaction was $128,000,000, and it was categorized as a refinance loan. The deal involved the following brokers: Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Daniel Fromm, and Daniel Matz from Newmark. They represented the parties involved in the transaction.