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Moore Development Group Secures $10.15 Million Bridge Loan From Benmark Capital For Condo In Fort Lauderdale

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FINANCED
$10,150,000

Florida

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Condo
Financed 01/30/2026
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FINANCED

Moore Development Group Secures $10.15 Million Bridge Loan From Benmark Capital For Condo In Fort Lauderdale

2317 North Ocean Boulevard

See Similar Deals
Condo
Financed 01/30/2026
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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.

Players

Joe Moser
10 deals$220.2M volume
LENDER


Benmark Capital
LENDER

Details

FINANCED
IMAGE: Joe Moser & Mark Simon DATE: 01/30/2026 ADDRESS: 2317 North Ocean Boulevard MARKET: Fort Lauderdale ASSET TYPE: Condo LENDER: Mark Simon & Joe Moser - Benmark Capital LANDLORD: Moore Development Group LOAN AMOUNT: $10,150,000 LOAN TYPE: Bridge LOAN TERMS: 18 months

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Deal Type
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