Ivy Realty Refinances Fort Lauderdale Office Property For $48.9M With Lender Rialto Capital Management

The recently closed property transaction in Fort Lauderdale involved an office space located at 101 NE 3rd Ave. The property spans a total area of 230,757 square feet, attracting attention in the market. The deal took place on 11/01/2021, with David Archibald and Melissa Rose featured in the image.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $48,900,000
• Address: 101 NE 3rd Ave
• Market: Fort Lauderdale
• Lender: Rialto Capital Management
• Landlord: Ivy Realty - David Archibald
• Broker: Melissa Rose - JLL Capital Markets

In this transaction, Rialto Capital Management served as the lender, providing a loan amount of $48,900,000. The loan type for this deal was a refinance. Serving as the landlord, Ivy Realty represented by David Archibald played a key role in the transaction. Melissa Rose from JLL Capital Markets acted as the broker, facilitating the deal.