Grant Cardone's Cardone Capital Secures $63.5M Loan For Fort Lauderdale Multifamily

A seven-year loan for $63,500,000 has been secured for a multifamily property located at 1919 SE 10th Ave in Fort Lauderdale. The loan, provided by New York Community Bank, offers full-term, interest-only payments.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $63,500,000
• Address: 1919 SE 10th Ave
• Market: Fort Lauderdale
• Lender: New York Community Bank
• Landlord: Grant Cardone - Cardone Capital
• Brokers: Meridian Capital Group - Israel Schubert

Grant Cardone, the landlord of the property, representing Cardone Capital, successfully secured the loan for this multifamily asset. The transaction was facilitated by Meridian Capital Group, with Israel Schubert representing the brokerage firm.