FINANCED
Fairwinds Credit Union Provides $7.4M Acquisition Loan For Retail Property In Tamarac
6702 North University Drive
Retail
80,224 SF
80,224 SF
Financed 209 days ago
Summary
Loan
FLORIDA
Retail
80,224 sqft
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].
Players
All
5
Agents
3
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Drew Kristol, Robert Bhat & Kirk Olson
DATE: 10/02/2023
ADDRESS: 6702 North University Drive
MARKET: Tamarac
ASSET TYPE: Retail ~ SF: 80,224
LENDER: Fairwinds Credit Union
LANDLORD: Elie Fouerti
BROKERS: Drew Kristol ((@Dakristol66), Kirk Olson & Robert Bhat (@_Bhat___) - Marcus & Millichap (@MarcusMillichapinc)
LOAN AMOUNT: $7,400,000
LOAN TYPE: Acquisition
LOAN TERMS: 6.99% Interest Rate, 25 Year Amo, Additional funding via Earnout
NOTE FROM BROKERS: Please email [email protected] for the best ratesView on map
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Address6702 North University Drive
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