Updated Mar 11, 2025
Silver Tree Residential Secures $62.1M Loan For Fort Lauderdale Multifamily Property
1943 Northeast 6th Court, Fort Lauderdale, FL, USA
$62,100,000
$367/SF
Building Size
168,870 SF
Asset Type
MultiFamily
Closing
Aug 15, 2021
About this deal
AI
The multifamily property located at 1943 NE 6th Court in Fort Lauderdale has recently undergone a closed transaction. The property consists of 257 units and spans across 168,870 square feet. The loan for this transaction was facilitated by Grandbridge Real Estate Capital, with Brad Barnett representing the lender. The loan amount was $62,100,000. Silver Tree Residential is the landlord of this property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $62,100,000
- Units: 257
- Square Footage: 168,870
- Lender: Grandbridge Real Estate Capital - Brad Barnett
- Landlord: Silver Tree Residential
Brad Barnett from Grandbridge Real Estate Capital played a pivotal role in facilitating this transaction as the lender's representative. The involvement of Silver Tree Residential as the landlord further highlights the key individuals and companies involved in this deal.
On the Map
$62,100,000
$367/SF
MultiFamily
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Players
Fort Lauderdale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93