Moore Development Group Secures $10.15 Million Bridge Loan From Benmark Capital For Condo In Fort Lauderdale
FINANCED
$10,150,000
Florida
See Similar DealsCondo
Financed 01/30/2026
FINANCED
Moore Development Group Secures $10.15 Million Bridge Loan From Benmark Capital For Condo In Fort Lauderdale
2317 North Ocean Boulevard
See Similar DealsCondo
Financed 01/30/2026
Summary
FLORIDA
Asset Type:Condo
Transaction Type:Loan
The asset involved in this transaction is a condo located at 2317 North Ocean Boulevard in the Fort Lauderdale market. The loan amount associated with the property is $10,150,000, structured as a bridge loan with a term of 18 months.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,150,000
- Lender: Mark Simon & Joe Moser - Benmark Capital
- Landlord: Moore Development Group
- Loan Type: Bridge
- Loan Terms: 18 months
Key individuals involved in the deal include Mark Simon and Joe Moser, who represent Benmark Capital. The landlord for this transaction is Moore Development Group, responsible for overseeing the property management aspects associated with this condo.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,150,000.00
Monthly NOI$67,666.67
Monthly Debt Service$64,154.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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