Naftali Credit Partners Provides $62 Million Loan For Fundrebel's Nine Hollywood Project

The property asset is a mixed-use development located at 1809 Jackson Street in Hollywood, consisting of 204 units across 123,000 square feet. A $62,000,000 loan has been secured for this newly delivered Nine Hollywood multifamily project.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $62,000,000
• Address: 1809 Jackson Street
• Market: Hollywood
• Asset Size: 123,000 SF
• Units: 204
• Lender: Miki Naftali & Glenn Grimaldi - Naftali Credit Partners
• Landlord: Mark Drachman & Allen Konstam - Fundrebel

Miki Naftali and Glenn Grimaldi of Naftali Credit Partners facilitated the refinancing package for Fundrebel’s property, which comprises a $42M senior loan along with a $20M subordinate loan to aid in lease-up and stabilization efforts. This marks Naftali's inaugural debt transaction in South Florida as they enhance their U.S. debt platform.