Centennial Bank Provides $10.4M Loan For Development Site In Fort Lauderdale

The development site located at 2401 West Broward Blvd in Fort Lauderdale has been involved in a recent transaction. The property is a combination of self-storage and retail space, making it a versatile asset in the market. The deal took place on February 25, 2020, and included key individuals and companies.

Summary of transaction details

• Property Type: Development site - Self Storage/ Retail
• Transaction Date: 02/25/2020
• Address: 2401 West Broward Blvd
• Market: Fort Lauderdale
• Loan Amount: $10,400,000
• BSF (Building Square Footage): 115,866

The lender involved in the transaction was Centennial Bank, with Johnny Allison representing the bank. On the other hand, Riverbend Storage Property LLC, owned by Merrimac Ventures and Hernandez Construction, acted as the landlord. Dev Motwani represented Riverbend Storage Property LLC in the deal.