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Florida & Gulf Coast  + South Florida  + Finance  | 
Berkadia has arranged a $12 million refinance loan for The Forge Lofts

Berkadia Arranges $12M Refinancing for New Boutique Loft Building in Downtown Fort Lauderdale

Berkadia has arranged a $12 million refinance loan for The Forge Lofts, a 35-unit boutique building completed in 2022 in the heart of downtown Fort Lauderdale’s historic warehouse-turned-tech district. Managing Director Brad Williamson, Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler and Matt Robbins of Berkadia South Florida arranged the loan on behalf of the sponsor, Urban Street Development.

Fannie Mae provided the seven-year, fixed-rate loan with full-term interest-only, through its Near-Stabilization Program and Green Building Certification Program.

Located at 401 NW First Avenue, The Forge Lofts offers one- and two-bedroom units featuring 10- to 13-foot ceilings, polished concrete floors, premium kitchen appliance packages, smart home technology, and large balconies. Community amenities include electric car charging station, high speed Wi-Fi, fitness studio, summer kitchen and heated pool.

The Forge Lofts are near the Brightline, The Broward Center for the Performing Arts, and  the Fort Lauderdale Museum of Art.


Inside The Story

About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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