Rescore Property Corp Secures $82M Loan From Square Mile Capital Management For Fort Lauderdale Multifamily | 405 NorthEeast 2nd Street | Square Mile Capital | Eric McGlynn | MultiFamily | Loan

Summary

Loan

FLORIDA

MultiFamily

14,380 sqft

An $82 million loan has been secured for a multifamily property located at 405 NE 2nd Street in Fort Lauderdale. The property consists of 348 units and is owned by Rescore Property Corp.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $82,000,000
Address: 405 NE 2nd Street
Market: Fort Lauderdale
Units: 348
Lender: Square Mile Capital Management - Craig Solomon
Landlord: Rescore Property Corp
Brokers: Eric McGlynn, alkerdunlop
Loan Terms: The floating rate loan includes a four-year term, allowing time for the property’s lease-up

The loan was provided by Square Mile Capital Management, with Craig Solomon representing the lender. Eric McGlynn from alkerdunlop served as the broker in the deal.

Players

All
3

Agents
1
Agencies
1
Lenders
1

Details

Deal Summary

FINANCED

IMAGE: Craig Solomon DATE: 10/27/2020 ADDRESS: 405 NE 2nd Street MARKET: Fort Lauderdale ASSET TYPE: Multifamily UNITS: 348 LENDER: Square Mile Capital Management - Craig Solomon LANDLORD: Rescore Property Corp BROKERS: Eric McGlynn - @walkerdunlop LOAN AMOUNT: $82,000,000 LOAN TERMS: The floating rate loan includes a four-year term, allowing time for the property’s lease-up

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Address405 NorthEeast 2nd Street

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