Lotis Group Secures $95M Bridge Loan In Tamarac Multifamily Deal

The property involved in the transaction is a multifamily asset located at 9141 West Commercial Boulevard in Tamarac. The property comprises 401 units with a total square footage of 421,000. The lender of the transaction was MF1 Capital, and the landlord is the Lotis Group.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $95,000,000
• Market: Tamarac
• Lender: MF1 Capital
• Landlord: Lotis Group
• Broker: Sean Harrington - Aztec Group
• Loan Type: Bridge Loan

Sean Harrington from Aztec Group was the broker representing the parties in the deal, bringing together the lender MF1 Capital and the landlord Lotis Group for the $95,000,000 bridge loan transaction.