{"id":1004135386,"date":"2016-01-25T07:47:02","date_gmt":"2016-01-25T15:47:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004135386"},"modified":"2022-03-03T00:21:00","modified_gmt":"2022-03-03T08:21:00","slug":"fort-lauderdales-tower-101-receives-acquisition-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fort-lauderdales-tower-101-receives-acquisition-financing\/","title":{"rendered":"Fort Lauderdale\u2019s Tower 101 Receives Acquisition Financing"},"content":{"rendered":"
\"Tower<\/a>

Tower 101<\/p><\/div>\n

Fort Lauderdale, Fla.<\/strong>\u2014Tower 101, a 227,764-square-foot, two-building office property in Fort Lauderdale, received $35.9 million in acquisition financing.<\/p>\n

CBRE Capital Markets<\/a>\u2019 debt & structured finance team arranged the $35.9 million loan on behalf of Ivy Realty<\/a>. Vice Chairman Charles Foschini and Senior Vice President Christopher Apone of CBRE<\/a>\u2019s Miami office arranged the non-recourse, balance sheet loan through Bank of America<\/a>, which structured a three-year term with extension options at a 64% loan-to-value (LTV) ratio and a competitive floating rate over LIBOR.<\/p>\n

Located at 101 NE 3rd Ave. in downtown Fort Lauderdale, Tower 101 encompasses a 19-story tower and an adjacent six-story office building, joined by a common lobby on the ground floor. Adjacent to the Federal Courthouse in Fort Lauderdale\u2019s Central Business District, the complex is also just two blocks north of Las Olas Boulevard, with quick access to upscale restaurants, hotels, and retail destinations.<\/p>\n

Photo credit: CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

CBRE Capital Markets\u2019 Debt & Structured Finance team arranged$35.9 million in financing for the acquisition of Tower 101.<\/p>\n","protected":false},"author":35,"featured_media":1004135388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,1492,21742,21747],"tags":[],"class_list":["post-1004135386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-miami","category-latest","category-office"],"acf":[],"yoast_head":"\nFort Lauderdale\u2019s Tower 101 Receives Acquisition Financing - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdales-tower-101-receives-acquisition-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fort Lauderdale\u2019s Tower 101 Receives Acquisition Financing\" \/>\n<meta property=\"og:description\" content=\"CBRE Capital Markets\u2019 Debt & Structured Finance team arranged$35.9 million in financing for the acquisition of Tower 101.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdales-tower-101-receives-acquisition-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-25T15:47:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T08:21:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Tower-101.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"794\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Balazs Szekely\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fort-lauderdales-tower-101-receives-acquisition-financing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fort-lauderdales-tower-101-receives-acquisition-financing\\\/\"},\"author\":{\"name\":\"Balazs Szekely\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/623e95293ca6c6791bedc7473f548d7f\"},\"headline\":\"Fort Lauderdale\u2019s Tower 101 Receives Acquisition Financing\",\"datePublished\":\"2016-01-25T15:47:02+00:00\",\"dateModified\":\"2022-03-03T08:21:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fort-lauderdales-tower-101-receives-acquisition-financing\\\/\"},\"wordCount\":160,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fort-lauderdales-tower-101-receives-acquisition-financing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/01\\\/Tower-101.jpg\",\"articleSection\":[\"Deals\",\"Finance\",\"Miami\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fort-lauderdales-tower-101-receives-acquisition-financing\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fort-lauderdales-tower-101-receives-acquisition-financing\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fort-lauderdales-tower-101-receives-acquisition-financing\\\/\",\"name\":\"Fort Lauderdale\u2019s Tower 101 Receives Acquisition Financing - 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