Updated Sep 25, 2026
Stewards Inc. Secures $48 Million Loan From LoanCore For Pompano Beach Multifamily Acquisition
475 Southeast 1st Avenue
$48,000,000
Units
214
Asset Type
MultiFamily
Closing
Sep 23, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 475 Southeast 1st Avenue in Pompano Beach. The property comprises 214 units and was acquired through a loan transaction totaling $48,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $48,000,000
- Lender: LoanCore
- Borrower: Stewards Inc.
- Brokers: Jay Miller, Spencer Miller, Aj Felberbaum, Noah Rothman & Jonah Gentleman - BayBridge Real Estate Capital
This transaction involved key individuals and companies including LoanCore, who provided the financing, and Stewards Inc., the borrower. The brokerage team from BayBridge Real Estate Capital played a pivotal role in facilitating this acquisition, comprising experienced brokers who contributed to the successful transaction.
On the Map
$48,000,000
MultiFamily
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Players
Pompano Beach 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93