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Castellan Real Estate Partners Provides $18M Bridge Loan For Fort Lauderdale Multifamily

Meridian Capital Group brokers loan for $18,000,000 in Fort Lauderdale
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This MultiFamily property located in FL received a loan of $18,000,000 about 2 years ago. The brokers of the deal were Morris Diamant and David Liechtung

An $18 million bridge loan has been secured for a multifamily property in Fort Lauderdale. The loan was provided by Castellan Real Estate Partners. The transaction involved the assistance of brokers Morris Diamant and David Leichtung from Meridian Capital Group.

Summary of transaction details

  • Asset Type: Multifamily
  • Date: 07/01/2022
  • Market: Fort Lauderdale
  • Lender: Castellan Real Estate Partners
  • Brokers: Morris Diamant & David Leichtung - Meridian Capital Group
  • Loan Amount: $18,000,000
  • Loan Type: Bridge Loan

The bridge loan played a crucial role in facilitating the acquisition of the multifamily property. Morris Diamant and David Leichtung from Meridian Capital Group acted as the representatives for the buyer or seller in this transaction, ensuring a smooth process and successful outcome.

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Deals
  • Location
    Fort Lauderdale, Florida, United StatesFort Lauderdale, Florida, United States
  • Loan Value
    $18,000,000$18,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Morris Diamant

Morris Diamant

Deals22
Financed$411.3M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

Castellan Capital

Castellan Capital

Lender
Deals15
Volume$ 6.9B

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Deal Summary

LOAN IMAGE: Morris Diamant & David Leichtung DATE: 07/01/2022 MARKET: Fort Lauderdale ASSET TYPE: Multifamily LENDER: Castellan Real Estate Partners BROKERS: Morris Diamant & David Leichtung - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $18,000,000 LOAN TYPE: Bridge Loan

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Meridian Capital Group brokers loan for $18,000,000 in Fort Lauderdale

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