Walker & Dunlop Secures $150M Construction Loan For Quantum At Flagler Village In Fort Lauderdale

A class A mixed-use property in Fort Lauderdale, Florida, known as Quantum at Flagler Village, has secured $150 million in financing through a construction loan. The property, developed by Prime Group US - PMG Asset Services, is located at 701 North Federal Highway and features two 15-story towers with apartments, urban retail spaces, a Courtyard Marriott hotel, and a five-story parking garage. Situated in a vibrant destination with art, shops, restaurants, and entertainment, Quantum at Flagler Village offers a unique and desirable living and commercial experience.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $150,000,000
• Loan Type: Construction Loan
• Loan Terms: Fixed rate 60-month loan
• Landlord: Prime Group US - PMG Asset Services
• Broker: Joe Hercenberg - Walker & Dunlop, Inc

Walker & Dunlop, Inc, represented by Joe Hercenberg, played a crucial role in securing the $150 million financing for Quantum at Flagler Village. This loan provides the necessary funds for the construction and development of the mixed-use property, contributing to the growth and enhancement of Fort Lauderdale's real estate market. The collaboration between Prime Group US - PMG Asset Services, the developer, and Walker & Dunlop, Inc, showcases a successful partnership in bringing this ambitious project to fruition.