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1900 West Commercial Boulevard

TD Bank Provides $40.7M Acquisition Loan For Office Property At 1900 W Commercial Blvd In Fort Lauderdale
FINANCEDOffice

TD Bank Provides $40.7M Acquisition Loan For Office Property At 1900 W Commercial Blvd In Fort Lauderdale

1900 West Commercial Boulevard

$40,700,000

$180/SF

Building Size

225,543 SF

Asset Type

Office

Closing

Aug 1, 2022

AI

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

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

Aj Felberbaum

BayBridge Real Estate Capital

Broker

$2.4B

vol

31 deals

Broker
TD Bank
TD BankLender

Fort Lauderdale Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93