Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FORT LAUDERDALE, FL- Coral Gables- based American Real Estate Capital, a subsidiary of the Cincinnati-based American Financial Group Inc., has closed on a $57-million loan to refinance the Lauderdale Marine Center located on the New River here. The 51-acre facility, one of the largest marine dockage and repair facilities on Florida’s East coast, is made up of two yards, which were completely redeveloped in two stages, one in 1997 and the other in 2008. It can accommodate yachts of up to 170 feet long. Vessels need to be 40-feet long to be considered yachts.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.