facebook
Traded Co logo
Submit

Latitude Group Secures $24.5M Construction Loan In Fort Lauderdale

Property Image
FINANCED
$24,500,000
Spencer Miller
Jay Miller
+ 1

Florida

See Similar Deals
MultiFamily47,426 SF
Financed
the dealplayerscompscontact
Property Image
FINANCED

Latitude Group Secures $24.5M Construction Loan In Fort Lauderdale

527 Orton Avenue

See Similar Deals
MultiFamily47,426 SF
Financed
Spencer Miller
Jay Miller
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$516
Total Square Footage:47426 SF
Transaction Type:Loan

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.

Players

Aj Felberbaum
31 deals$2.4B volume(646) 213-7600
BROKER

Jay Miller
BayBridge Real Estate Capital
34 deals$2.6B volume(646) 213-7561
BROKER

Spencer Miller
BayBridge Real Estate Capital
30 deals$2.4B volume
BROKER

Alen Hernandez
LV Lending
5 deals$137.6M volume
BROKER

LV Lending
LENDER

Details

FINANCED
IMAGE: Spencer Miller, Ricardo Uribe, Jay Miller, Camilo Niño, Aj Felberbaum & Alen Hernandez DATE: 06/17/2024 ADDRESS: 527 Orton Avenue MARKET: Fort Lauderdale ASSET TYPE: Multifamily ~ UNITS: 22 ~ SF: 47,426 LENDER: Camilo Niño (@CamiloNino78), Ricardo Uribe (@RicardoAndresUribe) & Alen Hernandez (@Alen.Hernandez.33) - LV Lending (@LV.Lending) LANDLORD: Latitude Group BROKERS: Aj Felberbaum, Jay Miller & Spencer Miller - BayBridge Real Estate Capital; Alen Hernandez - Linkvest Capital LOAN AMOUNT: $24,500,000 LOAN TYPE: Construction Loan

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$24,500,000.00

Monthly NOI$163,333.33
Monthly Debt Service$154,856.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00