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2125 South Andrews Avenue

Updated Mar 20, 2025

Bank Of Montreal Provides $80 Million Loan For Development Site In Fort Lauderdale Landlord Jeff Burns
FINANCEDDevelopment Site

Bank Of Montreal Provides $80 Million Loan For Development Site In Fort Lauderdale Landlord Jeff Burns

2125 South Andrews Avenue

$80,000,000

Units

400

Asset Type

Development Site

Closing

Mar 19, 2025

About this deal

AI

The asset involved in this transaction is a development site located at 2125 South Andrews Avenue in Fort Lauderdale. The loan amount for this property is $80,000,000.00, secured from the Bank of Montreal (BOM).

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $80,000,000.00
  • Market: Fort Lauderdale
  • Lender: Bank of Montreal (BOM)
  • Landlord: Jeff Burns & Nick Rojo - Affiliated Development

This deal highlights the collaboration between Jeff Burns, representing Affiliated Development, and the Bank of Montreal as the lender, facilitating the financing for this development site acquisition.

On the Map

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$80,000,000

Development Site

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Players

Bank of Montreal (BOM)
Bank of Montreal (BOM)Lender
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Affiliated DevelopmentLandlord
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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

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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