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Grover Corlew Secures $92 Million Construction Loan From Affinius Capital For Multifamily Asset In Fort Lauderdale

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FINANCED
$92,000,000
Mitch Sinberg
Matthew (Matt) Robbins
+ 3

Florida

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MultiFamily
Financed 06/02/2025
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FINANCED

Grover Corlew Secures $92 Million Construction Loan From Affinius Capital For Multifamily Asset In Fort Lauderdale

6261 Northwest 6th Way

See Similar Deals
MultiFamily
Financed 06/02/2025
Mitch Sinberg
Matthew (Matt) Robbins
+ 3
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

The property asset involved in this transaction is a multifamily unit with 312 units, located at 6261 Northwest 6th Way in Fort Lauderdale. The loan amount for this asset is $92,000,000, categorized as a construction loan with a three-year term.

Summary of transaction details:

This transaction features key individuals and firms that facilitated the loan. The brokers representing this deal include Scott Wadler, Patrick Johnson, Mitch Sinberg, Brad Williamson, and Matthew Robbins, all affiliated with Berkadia. Their involvement underscores the collaborative effort in securing the construction financing for the multifamily asset.

Players

Brad Williamson
107 deals$6.8B volume(786) 646-2580
BROKER

Mitch Sinberg
Berkadia
131 deals$8.3B volume(561) 609-4006
BROKER

Matthew (Matt) Robbins
Berkadia
113 deals$6.8B volume
BROKER

Scott Wadler
Berkadia
160 deals$9.8B volume
BROKER

Patrick Johnson
Berkadia
20 deals$1.7B volume(901) 425-1828
BROKER

Affinius Capital
LENDER

Details

FINANCED
IMAGE: Mitch Sinberg, Matthew Robbins, Scott Wadler, Brad Williamson, Patrick Johnson, Eric Cohen, Mark Corlew & Anuj Grover DATE: 6/2/2025 ADDRESS: 6261 Northwest 6th Way MARKET: Fort Lauderdale ASSET TYPE: Multifamily ~ UNITS: 312 LENDER: Affinius Capital (@AffiniusCapital) LANDLORD: Grover Corlew (@GroverCorlewProperties) BROKERS: Scott Wadler (@SWadler1), Patrick Johnson, Mitch Sinberg (@MitchSinberg), Brad Williamson & Matthew Robbins - Berkadia (@Berkadia) LOAN AMOUNT: $92,000,000 LOAN TYPE: Construction LOAN TERMS: three-year term

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$92,000,000.00

Monthly NOI$613,333.33
Monthly Debt Service$581,502.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00