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6261 Northwest 6th Way

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

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:

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

Berkadia

Broker

$7B

vol

111 deals

Broker
Affinius Capital
Affinius CapitalLender

Anuj Grover

Landlord

$222.6M

vol

5 deals

Landlord

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