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
- 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
Fort Lauderdale Office Market Snapshot
Boundary boundary · Office · Loan transactions
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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