Berkadia has arranged a $12 million refinance loan for The Forge Lofts, a 35-unit boutique building completed in 2022 located in the heart of downtown Fort Lauderdale’s historic warehouse-turned-tech district. Brad Williamson, Mitch Sinberg, Scott Wadler and Matt Robbins of Berkadia South Florida’s Managing Director team successfully secured the loan on behalf of Urban Street Development – the sponsor.
Fannie Mae provided a seven year fixed rate loan with full term interest only through its Near Stabilization Program and Green Building Certification Program.
The Forge Lofts at 401 NW First Avenue offer one and two bedroom units featuring 10 to 13 foot ceilings, polished concrete floors, premium kitchen appliance packages as well as smart home technology plus large balconies. Community amenities include electric car charging station; high speed Wi-Fi; fitness studio; summer kitchen & heated pool for residents’ convenience.
Located near Brightline rail service; The Broward Center for Performing Arts & Fort Lauderdale Museum of Art – The Forge Lofts provide easy access to local attractions while providing modern living spaces that are sure to please any tenant looking for luxury urban living experience!
