Fairwinds Credit Union Provides $7.4M Acquisition Loan For Retail Property In Tamarac

A retail property located at 6702 North University Drive in Tamarac has been involved in a recent loan transaction. The property spans approximately 80,224 square feet. The loan, valued at $7,400,000, was obtained for the purpose of acquisition. The loan terms include a 6.99% interest rate and a 25-year amortization schedule. Additional funding is available through an earnout arrangement.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $7,400,000
• Address: 6702 North University Drive
• Market: Tamarac
• Square Footage: 80,224

The loan was provided by Fairwinds Credit Union. The landlord of the property is Elie Fouerti. The brokers involved in the transaction are Drew Kristol, Kirk Olson, and Robert Bhat from Marcus & Millichap. For the best loan rates, interested parties can contact [email protected].