Doron Broman And Johnny Erpenbeck Of Moderno Development Group Secure $117M Refinance Loan For Rivr Lofts
FINANCED
$117,000,000
Florida
See Similar DealsMultiFamily231,113 SF
Financed 07/09/2025
FINANCED
Doron Broman And Johnny Erpenbeck Of Moderno Development Group Secure $117M Refinance Loan For Rivr Lofts
307 Southwest 5th Street
See Similar DealsMultiFamily231,113 SF
Financed 07/09/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$506
Total Square Footage:231,113 SF
Transaction Type:Loan
The asset involved is a multifamily property located at 307 Southwest 5th Street, Fort Lauderdale, consisting of 352 units and covering a total area of 231,113 square feet. The property was refinanced for a total loan amount of $117,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $117,000,000
- Units: 352
- Square Footage: 231,113
- Loan Type: Refinance
- Landlord: Doron Broman & Johnny Erpenbeck - Moderno Development Group
- Brokers: Scott Aiese, Alex Staikos & Michael DiCosimo - JLL
This transaction involved landlords Doron Broman and Johnny Erpenbeck representing Moderno Development Group, while the brokerage team from JLL facilitated the deal, consisting of Scott Aiese, Alex Staikos, and Michael DiCosimo.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$117,000,000.00
Monthly NOI$780,000.00
Monthly Debt Service$739,519.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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