Ft. Lauderdale, FL $4,850,000 11,958 Sq. Ft. Retail Refinance & Expansion
Knighthead provided a $4.85mm first mortgage construction loan for an ~11,958 Sq. Ft retail building. The subject property is currently a 6,487 SF 1 story retail center and ownership is planning to expand the property to include additional ground floor space and a second floor. The loan was underwritten at ~72% of cost and ~54% of “as-stabilized” value.