Updated Oct 28, 2024
ACRES Provides $47M Acquisition Loan For Multifamily Property In Fort Lauderdale, FL
5201 North Dixie Highway, Fort Lauderdale, Florida, USA
$47,000,000
$219/SF
Building Size
213,768 SF
Asset Type
MultiFamily
Closing
Apr 27, 2021
About this deal
AI
The multifamily property located at 5201 N. Dixie Highway in Fort Lauderdale, FL has been acquired through a loan. The loan transaction occurred on 04/28/2021. The property is a part of the Fort Lauderdale market and is owned by ROI Capital Group.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $47,000,000
- Loan Type: Acquisition
- Lender: ACRES
- Borrower: ROI Capital Group
- Brokers: Mitch Sinberg & Brad Williamson - Berkadia
The loan amount for the acquisition is $47,000,000. The loan terms include a three-year bridge loan with two one-year options. The representation for the borrowers in this deal was Mitch Sinberg & Brad Williamson from Berkadia. ACRES provided the loan for this transaction.
Players
Fort Lauderdale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Brad Williamson to view all their deals.
Browse Florida multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93