$54,000,000 Bridge Loan Secured for Mixed-Use Property in Fort Lauderdale, FL
Jul 9, 2026 Debt Fund
Deal Summary
CDK Capital provided a $54 million two year senior pre-development bridge loan to Dependable Equities for South of the River, a two tower residential project in downtown Fort Lauderdale. The development pairs a 45 story tower at 101 Southeast 7th Street with a 47 story tower at 633 Southeast 3rd Avenue, combining roughly 1,460 for-sale and rental residences with about 14,000 square feet of ground floor commercial space, with construction expected to begin in early 2028. Valley National Bank is a participating lender in the syndicated financing, which was announced in July 2026 and is separate from the developer's Ombelle project in Flagler Village.
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Transaction Details
- Closing Date
- Jul 9, 2026
- Loan Amount
- $54,000,000
- Loan Type
- Debt Fund
- Loan Purpose
- Bridge
- Capital Type
- Senior Debt
- Term
- 2 years
- Asset Type
- Mixed-Use
- Source
- Press release
Property
- Property Name
- South of the River
- Address
- 101 SE 7th St
- City, State
- Fort Lauderdale, FL
- Market
- Fort Lauderdale
Source: view source announcement
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Transaction details are compiled from public announcements, press releases, industry reporting, or information submitted by parties to the transaction, and have not been independently verified by LoanList CRE. Terms shown may be approximate. Nothing on this page constitutes a quote, offer, or guarantee of financing terms. Full disclaimer.