Berkadia has arranged a $12 million refinance loan for The Forge Lofts, a 35-unit boutique building completed in 2022 in the heart of downtown Fort Lauderdale’s historic warehouse-turned-tech district. Brad Williamson, Mitch Sinberg, Scott Wadler and Matt Robbins of Berkadia’s South Florida office secured the loan on behalf of Urban Street Development.
Fannie Mae provided the seven-year fixed rate with full term interest only through its Near Stabilization Program and Green Building Certification Program.
The Forge Lofts are located at 401 NW First Avenue and offer one to two bedroom units featuring 10 to 13 foot ceilings, polished concrete floors, premium kitchen appliance packages with smart home technology as well as large balconies. Community amenities include electric car charging station, high speed Wi-Fi access , fitness studio , summer kitchen and heated pool .
The property is conveniently close to Brightline train station , Broward Center for Performing Arts & Fort Lauderdale Museum Of Art .
This post was written by an expert team at Berkadia who arranged $12M refinancing for new boutique loft building in Downtown Fort Lauderdale
