Midtown Capital Partners Secures $84M Bridge Loan For Multifamily Asset In Fort Lauderdale

The property asset involved in this transaction is a multifamily asset comprising 252 units located at 333 Northeast 6th Street in Fort Lauderdale. The transaction involved a loan amount of $84,000,000, structured as a bridge loan with a 30-month initial term and two 12-month extension options.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $84,000,000
• Loan Type: Bridge
• Loan Terms: 30-month initial term with two 12-month extension options
• Market: Fort Lauderdale
• Address: 333 Northeast 6th Street
• Lender: Alex Horn, Jon Gitman & Daniel Alvarez - BridgeInvest
• Landlord: Alexander Saieh, Alejandro Velez & Zach Fox - Midtown Capital Partners
• Brokers: Mitch Sinberg, Scott Wadler, Brad Williamson, Matthew Robbins & Patrick Johnson - Berkadia

Key individuals involved in the transaction include lender representatives Alex Horn, Jon Gitman, and Daniel Alvarez from BridgeInvest, as well as landlord representatives Alexander Saieh, Alejandro Velez, and Zach Fox from Midtown Capital Partners. The brokers mitigating this deal were Mitch Sinberg, Scott Wadler, Brad Williamson, Matthew Robbins, and Patrick Johnson, all associated with Berkadia.