Eugene Rutenberg Of Celestial Fund Provides $7.5M Loan For Development Site In Fort Lauderdale

The property asset involved in this transaction is a development site located at 501 Solar Isle Drive in Fort Lauderdale. The asset features a building size of 10,000 square feet, with a land lot size of 17,600 square feet. The loan amount for this property is $7,500,000, and it is categorized as a recapitalization loan.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $7,500,000
• Market: Fort Lauderdale
• Asset Building Size: 10,000 square feet
• Land Lot Size: 17,600 square feet
• Broker: Eugene Rutenberg - Celestial Fund
• Attorney: Dara S. Siegel, Esq. - Siegel & Siegel P.A.
• Note: Spec Home Construction for this Property is for Business Investment Purposes (NON – Owner Occupied).

The deal involved key individuals including Eugene Rutenberg, representing Celestial Fund, and attorney Dara S. Siegel from Siegel & Siegel P.A. The financing focuses on developing a spec home that offers significant living space and premium features tailored for business investment in the South Florida market.