Northmarq’s Debt + Equity team arranges construction, mezz loans for Avery Cypress Creek in Fort Lauderdale, FL

FORT LAUDERDALE, Fla. — Northmarq’s West Palm Beach Debt + Equity team led by David Gahagan and Chandler Kaye successfully arranged a $45 million senior loan and additional mezzanine funding for Avery Cypress Creek, a planned 200-unit midrise apartment located at 6250 N. Andrews Ave. in Fort Lauderdale, Florida. The financing was provided by senior lender, Goodman Capital, and a supplemental mezzanine lender.

“Northmarq was pleased to provide the Meyers-Accesso team construction financing for Avery Cypress Creek,” Gahagan said. “This will be an exciting 200-unit project with tremendous visibility from I-95. We appreciate the opportunity to be of service to the developer once again.”

“We’re excited to support the Accesso team in bringing Avery Cypress Creek to Fort Lauderdale, one of the most compelling regions in South Florida for multifamily investment,” said Eric Goodman, Co-Founder and Managing Partner of Goodman Capital. “This senior construction loan underscores our conviction in the strength of the Fort Lauderdale housing market and ability to structure creative financing solutions for seasoned developers with certainty of execution.”

Sitting on 2.59 acres and scheduled for a 2027 delivery, Avery Cypress Creek will feature seven stories and include luxury one- and two-bedroom units. Residential amenities will feature a high-end fitness center and lounge, plus a communal courtyard and access to green space and community amenities.

It will be located near the tri-commuter Cypress Creek Station and boast proximity to Interstate 95 access. Restaurants, shopping, fitness and entertainment are all nearby, and it is roughly four miles from the Atlantic coast.