Updated Jul 15, 2026
Sky Developer Group Secures $54.2 Million Refinancing Loan For Development Site In Fort Lauderdale
633 Southeast 3rd Avenue & 101 Southeast 7th Street
$34,000,000
Building Size
—
Asset Type
Development Site
Closing
Jul 7, 2026
About this deal
AI
The property asset involved in the transaction is a development site located at 633 SE 3rd Ave & 101 SE 7th St in the Fort Lauderdale market. The refinancing deal amounts to $54,200,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $54,200,000
- Lender: Allen Weinstein & Daryl Hagler - CDK Capital; Christopher Gregg & Roger Rofe - Valley Bank
- Developer: Sky Developer Group - Shimon Dushinsky
- Loan Type: Refinance
- Date of Transaction: 07/07/2026
The key individuals and companies involved in the deal include Shimon Dushinsky representing the developer Sky Developer Group, and the lending team composed of Allen Weinstein, Daryl Hagler, Christopher Gregg, and Roger Rofe from CDK Capital and Valley Bank.
On the Map
$34,000,000
Development Site
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Players
Fort Lauderdale Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93