Brickbox Development & Newrock Partners Secure $67.5M Construction Loan For Luxury Rental Building In Oakland Park, FL

An 11-story luxury rental building, located at 3333 N Federal Hwy in Oakland Park, FL, has secured a construction loan worth $67,500,000. The loan, provided by S3 Capital Partners, will be used for the development of the property, which will consist of 274 units, 500+ parking spots, and 19,250 square feet of retail space.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $67,500,000
• Address: 3333 N Federal Hwy, Oakland Park, FL
• Lender: S3 Capital Partners - Robert Schwartz & Steven Jemal
• Landlord: Brickbox Development & Newrock Partners – Daniel Deitchman & Koby Assaraf

The project is a collaboration between Brickbox Development, led by Daniel Deitchman and Koby Assaraf, and Newrock Partners. S3 Capital Partners, represented by Robert Schwartz and Steven Jemal, provided the loan for the construction of the luxury rental building. The property will feature 274 units, a large number of parking spots, and retail space spanning 19,250 square feet.

For loan inquiries, interested parties can reach out to Steven at [email protected].