Grover Corlew Secures $92 Million Construction Loan From Affinius Capital For Multifamily Asset In Fort Lauderdale
6261 Northwest 6th Way
$92,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 1, 2025
AI
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:
- Property Type: Multifamily
- Transaction Amount: $92,000,000
- Address: 6261 Northwest 6th Way
- Market: Fort Lauderdale
- Units: 312
- Lender: Affinius Capital
- Landlord: Grover Corlew
- Brokers: Scott Wadler, Patrick Johnson, Mitch Sinberg, Brad Williamson & Matthew Robbins - Berkadia
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
Fort Lauderdale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93