FM Capital Originates $6.6 Million Bridge Loan for Ft. Lauderdale Office Building
Apr 16, 2019
FM Capital’s direct lending platform originated a $6.6 Million Bridge Loan for the refinancing of an office building in Fort Lauderdale, FL. Sponsorship acquired the property in 2013 and redeveloped the property into a three-story Class A office building with approximately 36K square feet. The asset benefits from being centrally located in the business district of Ft. Lauderdale with an unparalleled visibility on federal highway. The neighborhood is known for its artistic ambiance and eclectic class of tenants. The property features stunning architecture, unlike anything else in Fort Lauderdale, and an irreplaceable location.