Rok Capital Provides $7 Million Construction Loan For Ultra-Luxury SFR In Fort Lauderdale

The asset involved in this transaction is an ultra-luxury single-family residence located in Las Olas, Fort Lauderdale. It is financed through a construction loan amounting to $7,000,000, arranged by Onyx Funding. The SFR asset type represents a significant investment in a high-demand market, characterized by its exclusive living environment.

Summary of transaction details:

• Property Type: SFR
• Transaction Amount: $7,000,000
• Lender: Rok Capital
• Broker: Daniel Taylor - Onyx Funding
• Loan Type: Construction

Central to this deal was Daniel Taylor, the Managing Director of Onyx Funding, who played a crucial role in coordinating the various parties involved. His efforts ensured effective communication and execution throughout the transaction, culminating in a successful closing of the loan for the ground-up construction project.