ACRES Provides $47M Acquisition Loan For Multifamily Property In Fort Lauderdale, FL

The multifamily property located at 5201 N. Dixie Highway in Fort Lauderdale, FL has been acquired through a loan. The loan transaction occurred on 04/28/2021. The property is a part of the Fort Lauderdale market and is owned by ROI Capital Group.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $47,000,000
• Loan Type: Acquisition
• Lender: ACRES
• Borrower: ROI Capital Group
• Brokers: Mitch Sinberg & Brad Williamson - Berkadia

The loan amount for the acquisition is $47,000,000. The loan terms include a three-year bridge loan with two one-year options. The representation for the borrowers in this deal was Mitch Sinberg & Brad Williamson from Berkadia. ACRES provided the loan for this transaction.