TD Bank Provides $40.7M Acquisition Loan For Office Property At 1900 W Commercial Blvd In Fort Lauderdale
FINANCED
$40,700,000
+ 1
Florida
See Similar DealsOffice225,543 SF
Financed 08/01/2022
FINANCED
TD Bank Provides $40.7M Acquisition Loan For Office Property At 1900 W Commercial Blvd In Fort Lauderdale
1900 West Commercial Boulevard
See Similar DealsOffice225,543 SF
Financed 08/01/2022
+ 1
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$180
Total Square Footage:225,543 SF
Transaction Type:Loan
The office property located at 1900 W Commercial Blvd in Fort Lauderdale has been involved in a recent loan transaction. The property spans a total of 225,543 square feet and is situated in the Fort Lauderdale market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $40,700,000
- Lender: TD Bank
- Brokers: Jay Miller, Spencer Miller, AJ Felberbaum - BayBridge Real Estate Capital; Paul Tanner - Las Olas Capital
- Loan Type: Acquisition
In this transaction, TD Bank provided a loan amount of $40,700,000 for the acquisition of the office property at 1900 W Commercial Blvd. The loan was facilitated by brokers from BayBridge Real Estate Capital and Las Olas Capital, namely Jay Miller, Spencer Miller, AJ Felberbaum, and Paul Tanner.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$40,700,000.00
Monthly NOI$271,333.33
Monthly Debt Service$257,251.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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