Benefit Street Partners Realty Trust & Electra Capital Provide $92M Bridge Financing For Mixed-Use Property On 4 W Las Olas Blvd In Fort Lauderdale

The mixed-use property located at 4 W Las Olas Blvd in Fort Lauderdale has been involved in a closed transaction. The transaction took place on October 13, 2020. The property is situated in a prime location in Fort Lauderdale, making it an attractive asset.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $92,000,000
• Market: Fort Lauderdale
• Lender: Benefit Street Partners Realty Trust & Electra Capital
• Landlord: Elevate Partners – Scott Bodenweber & Tom Vogel
• Brokers: Denny St. Romain (representing the undisclosed party)
• Loan Terms: 3-year bridge financing with optional extension

The deal was facilitated by Denny St. Romain and other brokers who represented the undisclosed party involved in the transaction. The lenders, Benefit Street Partners Realty Trust and Electra Capital, provided a loan amount of $92,000,000 for the property. The loan terms include a 3-year bridge financing with an optional extension. The transaction demonstrates the resilience of the real estate market in Fort Lauderdale and highlights the strong demand for mixed-use properties in the area.