Avalon McLeod Of McLeod Capital Lending Provides $3.65M Refinance Loan In Fort Lauderdale

The transaction involves a retail asset located at 2580 Northwest 19th Street and 1423 Northwest 6th Street in Fort Lauderdale, with a total square footage of 7,000. The loan amount secured for this property is $3,650,000, classified as a refinance transaction with a term of 12 months.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,650,000
• Asset Address: 2580 Northwest 19th Street & 1423 Northwest 6th Street
• Market: Fort Lauderdale
• Lender: Avalon McLeod - McLeod Capital Lending
• Landlord: Shantel Woodstock & James Morris - Sirrom Commercial & Devine Touch Investments
• Loan Type: Refinance
• Loan Terms: 12 Months

This deal reflects the efforts of Avalon McLeod as the lender, who noted the successful closure of a bridge loan on the development site in Sistrunk and the retail commercial properties in Fort Lauderdale. Both transactions required deep market knowledge and creative structuring to meet the time-sensitive needs of developer, owner-operators, and investors.