Valley National Bank Provides $24.5M Acquisition Loan For Industrial Property In Davie, FL

The property asset involved in this transaction is located at 4650 Southwest 51st Street in Davie, FL. This industrial asset encompasses a total of 196,319 square feet and has an acquisition loan amount of $24,500,000. The loan is structured as a Special Use Leasehold with financing exceeding 70% loan-to-cost (LTC).

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $24,500,000
• Loan Type: Acquisition
• Loan Term: Special Use Leasehold at over 70% LTC Financing
• Lender: Valley National Bank - Christopher Gregg, Roger Rofe & Roland Cablayan
• Landlord: Simon Dushinsky
• Broker: Lillian Fried - Vault Real Estate Group

This deal involved key individuals and companies that played essential roles in the transaction. Valley National Bank acted as the lender, with representatives Christopher Gregg, Roger Rofe, and Roland Cablayan facilitating the loan process. Lillian Fried from Vault Real Estate Group represented the landlord, Simon Dushinsky, in this acquisition transaction.