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Grant Cardone's Cardone Capital Secures $63.5M Loan For Fort Lauderdale Multifamily

1919 Southeast 10th Avenue
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This MultiFamily property located in FL received a loan of $63,500,000 almost 3 years ago. The broker of the deal was Israel Schubert

A seven-year loan for $63,500,000 has been secured for a multifamily property located at 1919 SE 10th Ave in Fort Lauderdale. The loan, provided by New York Community Bank, offers full-term, interest-only payments.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $63,500,000
  • Address: 1919 SE 10th Ave
  • Market: Fort Lauderdale
  • Lender: New York Community Bank
  • Landlord: Grant Cardone - Cardone Capital
  • Brokers: Meridian Capital Group - Israel Schubert

Grant Cardone, the landlord of the property, representing Cardone Capital, successfully secured the loan for this multifamily asset. The transaction was facilitated by Meridian Capital Group, with Israel Schubert representing the brokerage firm.

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Deals
  • Location
    1919 SE 10th Ave, Fort Lauderdale, FL, USA1919 SE 10th Ave, Fort Lauderdale, FL, USA
  • Loan Value
    $63,500,000$63,500,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Israel Schubert

Israel Schubert

Deals4
Financed$315M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

New York Community Bank

New York Community Bank

Lender
Deals87
Volume$ 316.6B

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Deal Summary

LOAN IMAGE: Grant Cardone & Israel Schubert DATE: 04/30/2021 ADDRESS: 1919 SE 10th Ave MARKET: Fort Lauderdale ASSET TYPE: Multifamily LENDER: New York Community Bank LANDLORD: Grant Cardone - Cardone Capital BROKERS: Meridian Capital Group - Israel Schubert LOAN AMOUNT: $63,500 000 LOAN TERMS: seven-year loan features full-term, interest-only payments UNITS: 310

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1919 Southeast 10th Avenue

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