Altman Logistics Secures $31.9 Million Construction Loan From Synovus Bank For Industrial Development
6900 Florida Highway 84
$31,900,000
$174/SF
Building Size
182,773 SF
Asset Type
Industrial
Closing
Mar 13, 2025
AI
The property asset is located at 6900 Florida Highway 84 in the Davie market. It is an industrial asset with a total square footage of 182,773. The loan amount associated with this property is $31,900,000 and falls under construction loan type.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $31,900,000
- Asset Address: 6900 Florida Highway 84
- Market: Davie
- Lender: Synovus
- Landlord: Andy Meran & Mark Levy - Altman Logistics
- Landlord's Representative: Melissa Rose, Michael DiCosimo & Val McWilliams - JLL
The transaction involves key individuals from the lending and representation sides. The landlord, Andy Meran, and Mark Levy are affiliated with Altman Logistics while the loan is facilitated by Synovus. Representing the landlord in this transaction are Melissa Rose, Michael DiCosimo, and Val McWilliams from JLL.
Players
Fort Lauderdale Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93