Updated Oct 30, 2026
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:
- Property Type: Multifamily
- Transaction Amount: $109,000,000
- Address: 1770 South Young Circle
- Market: Hollywood, FL
- Units: 362
- Lender: Richard Kourbage - Greystone
- Landlords: Noah Breakstone - BTI Partners, Jonathan Slager - Bridge Investment Group
- Brokers: Chris Moyer & Chris Lentz - Cushman & Wakefield
- Loan Type: Refinance
- Acquisition Date: 2021
- Acquisition Price: $11 million
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.
On the Map
$109,000,000
MultiFamily
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Players
Hollywood 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93