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1770 South Young Circle

Updated Oct 30, 2026

Noah Breakstone Of BTI Partners And Jonathan Slager Of Bridge Investment Group Secure $109M Loan
FINANCEDMultiFamily

Noah Breakstone Of BTI Partners And Jonathan Slager Of Bridge Investment Group Secure $109M Loan

1770 South Young Circle

$109,000,000

Units

362

Asset Type

MultiFamily

Closing

Oct 30, 2026

About this deal

AI

The property asset involved in the transaction is the Bread Building, a 362-unit multifamily apartment complex located at 1770 South Young Circle in Hollywood, FL. The complex was converted from a former office building and completed in 2025, achieving full occupancy in September 2026. The total loan amount for the refinancing is $109 million.

Summary of transaction details:

A joint venture between BTI Partners and Bridge Investment Group facilitated the refinancing through a Freddie Mac-backed loan sourced from Greystone. The financing was arranged by Cushman & Wakefield, with Chris Moyer and Chris Lentz representing the brokerage in the transaction.

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$109,000,000

MultiFamily

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Players

Chris Moyer

Cushman & Wakefield

Broker

$3.5B

vol

23 deals

Broker
Richard Kourbage

Richard Kourbage

Greystone

Lender

$475.9M

vol

8 deals

Lender
Jonathan Slager

Jonathan Slager

Bridge Investment Group

Landlord

$2.3B

vol

32 deals

Landlord
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Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $301.1K per unit across 362 units on a published $109M (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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