Dwight Capital Secures $55M Bridge Loan For Multifamily Property In Fort Lauderdale

The transaction involved a multifamily property located at 5840 Lakeshore Dr. in Fort Lauderdale. The property spans approximately 567,000 square feet and sits on a 7.2-acre plot of land. It comprises 197 units, making it a significant investment in the market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $55,000,000
• Market: Fort Lauderdale
• Units: 197
• Square Footage: 567,000
• Acres: 7.2

The loan for this transaction was provided by Dwight Capital. The loan amount was set at $55,000,000. It was a bridge loan with a 24-month term, which also featured two six-month extension options. The deal was facilitated by Adam Sasouness and Josh Sasouness from Dwight Capital.