Latitude Group Secures $24.5M Construction Loan In Fort Lauderdale

The multifamily property located at 527 Orton Avenue in Fort Lauderdale spans 47,426 square feet and consists of 22 units. The property was secured by a $24,500,000 construction loan facilitated by lenders Camilo Niño, Ricardo Uribe, and Alen Hernandez from LV Lending. The Latitude Group serves as the landlord for this asset, with the transaction being brokered by Aj Felberbaum, Jay Miller, and Spencer Miller from BayBridge Real Estate Capital, along with Alen Hernandez from Linkvest Capital.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $24,500,000
• Market: Fort Lauderdale
• Units: 22
• Square Footage: 47,426
• Lenders: Camilo Niño, Ricardo Uribe, Alen Hernandez - LV Lending
• Landlord: Latitude Group
• Brokers: Aj Felberbaum, Jay Miller, Spencer Miller - BayBridge Real Estate Capital; Alen Hernandez - Linkvest Capital

The individuals involved in this transaction include Spencer Miller, Ricardo Uribe, Jay Miller, Camilo Niño, Aj Felberbaum, and Alen Hernandez. The lenders, Camilo Niño, Ricardo Uribe, and Alen Hernandez, played a crucial role in providing the construction loan for this property. Additionally, the landlord, Latitude Group, along with the brokers Aj Felberbaum, Jay Miller, Spencer Miller, and Alen Hernandez, were instrumental in overseeing the successful completion of this real estate deal in Fort Lauderdale.