Eliav King And Revital King Secure $58 Million Loan For Multifamily Asset In Pompano Beach

The property asset involved in this transaction is a multifamily asset located at 1611 South Dixie Highway in Pompano Beach. The property consists of 228 units and encompasses a total area of 212,448 square feet. The loan amount associated with this asset is $58,000,000, categorized as a recapitalization loan.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $58,000,000
• Address: 1611 South Dixie Highway
• Market: Pompano Beach
• Units: 228
• Square Footage: 212,448
• Lender: Michael Deford, Adam Siper & Garrett Darraugh - Ladder Capital
• Borrower: Eliav King, Revital King, Ben Farkas & Brandon Chemtov
• Debt Placement (Walker & Dunlop): Jonathan Schwartz, Ari Hirt & Mendel Lazaros
• Debt Placement (Berko & Associates): Geoffrey Dubey

The key individuals involved in the deal include the lenders from Ladder Capital, specifically Michael Deford, Adam Siper, and Garrett Darraugh. Additionally, Eliav King, Revital King, Ben Farkas, and Brandon Chemtov represent the borrower in this transaction. Debt placement services were provided by Jonathan Schwartz, Ari Hirt, and Mendel Lazaros from Walker & Dunlop, along with Geoffrey Dubey from Berko & Associates.