Sabadell closes on $21 million loan for Tower 101 acquisition

Sabadell United Bank has closed on its $20.9 million loan to Banyan Street Partners for the latter’s acquisition of Tower 101 in Fort Lauderdale. The 238,238-square-foot office tower, which was purchased earlier this month, is located at 101 NE Third Avenue in downtown Fort Lauderdale. Kevin Miliffe represented Sabadell United in the transaction. — Alexander Britell