Invesca & GVF Development Secures $55.22M Refinance Loan From Forman Capital For 214-Unit Multifamily

The property asset involved in the transaction is a multifamily development located at 450 East Atlantic Boulevard in Pompano Beach. The asset comprises 214 units and spans a total of 400,000 square feet. The loan amount for this refinance transaction is $55,220,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $55,220,000
• Market: Pompano Beach
• Units: 214
• Square Feet: 400,000
• Lender: Scott Mehlman & Benjamin Jacboson - Forman Capital
• Landlord: Invesca & GVF Development
• Brokers: Jay Miller, Spencer Miller, Aj Felberbaum & Noah Rothman - BayBridge Real Estate Capital
• Loan Type: Refinance

The individuals involved in the transaction include Scott Mehlman and Benjamin Jacboson representing the lending side as part of Forman Capital. Invesca and GVF Development act as the landlords for the property. The brokers representing the transaction from BayBridge Real Estate Capital are Jay Miller, Spencer Miller, Aj Felberbaum, and Noah Rothman.