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
About this deal
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.
On the Map
$40,700,000
$180/SF
Office
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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