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New York Life Real Estate Investors Provides $34.4M Acquisition Loan for Office Property in Fort Lauderdale

Trade Centre South is a 10-story, 216,038-square-foot office property in Fort Lauderdale. (Photo courtesy of LoopNet inc.)

FORT LAUDERDALE, FLA. — New York Life Real Estate Investors has provided a $34.4 million acquisition loan for Trade Centre South, a 10-story, 216,038-square-foot office property in Fort Lauderdale. The floating-rate loan has a four-year term plus an extension option with interest-only payments. The asset is situated about six miles north of downtown Fort Lauderdale, HFF arranged the loan on behalf of the borrower, a joint venture between Cardinal Point Management and Halstatt Real Estate Partners.

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