One East Broward

CBRE Arranges $56M Loan for Office Tower in Fort Lauderdale

by John Nelson

FORT LAUDERDALE, FLA. — CBRE’s capital markets debt & structured finance team has arranged $56 million in first mortgage bridge financing for One East Broward Boulevard, a 343,551-square-foot, Class A office tower in Fort Lauderdale. The 19-story tower was 82 percent leased at the time of sale. Jason Gaccione, Charles Foschini and Chris Apone of CBRE arranged the three-year, floating-rate, interest-only loan through Blackstone on behalf of the borrower, Ivy Realty.

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