Castellan Real Estate Partners Provides $18M Bridge Loan For Fort Lauderdale Multifamily

Fort Lauderdale, Florida, United States

$18,000,000

Building Size

—

Asset Type

MultiFamily

Closing

Jan 7, 2022

AI

An $18 million bridge loan has been secured for a multifamily property in Fort Lauderdale. The loan was provided by Castellan Real Estate Partners. The transaction involved the assistance of brokers Morris Diamant and David Leichtung from Meridian Capital Group.

Summary of transaction details

Asset Type: Multifamily
Date: 07/01/2022
Market: Fort Lauderdale
Lender: Castellan Real Estate Partners
Brokers: Morris Diamant & David Leichtung - Meridian Capital Group
Loan Amount: $18,000,000
Loan Type: Bridge Loan

The bridge loan played a crucial role in facilitating the acquisition of the multifamily property. Morris Diamant and David Leichtung from Meridian Capital Group acted as the representatives for the buyer or seller in this transaction, ensuring a smooth process and successful outcome.

Players