Goldman Sachs Provides $27.7M Construction Loan For Multifamily Property In Fort Lauderdale

The asset involved in this transaction is a multifamily property located at 626 Northeast 1st Avenue in Fort Lauderdale. It consists of 110 units and encompasses a total square footage of 85,888. The loan secured for the property amounts to $27,700,000 with a construction loan type facilitated by Goldman Sachs.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $27,700,000
• Units: 110
• Square Footage: 85,888
• Address: 626 Northeast 1st Avenue
• Market: Fort Lauderdale
• Lender: Goldman Sachs
• Broker Representatives: Pier Barinci, Max La Cava, Kenny Cutler & Mateo Bolivar - JLL

The transaction was orchestrated by broker representatives Pier Barinci, Max La Cava, Kenny Cutler, and Mateo Bolivar, all affiliated with JLL, demonstrating their involvement in facilitating the loan arrangement for the construction of the multifamily property.