FORT LAUDERDALE, FL-Genesis Capital Partners XI, an investment fund sponsored by GenCap Partners, has refinanced 110 Tower. The 30-story, 391,473-square-foot class A office building is the tallest in Fort Lauderdale’s Central Business District.

Grandbridge Real Estate vice presidents Tip Strickland and John Fenoglio, along with senior vice president Alex Rex, arranged the financing. American National Insurance Co. provided the financing, which offered significant capital while maintaining less than a 50% loan to value ratio.

“With the refinancing in place, we will continue to move forward with our improvement program already underway, including the exterior lobby renovation, scheduled for completion in September,” Paul Vangrieken, senior vice president of GenCap Partners, said in a statement provided exclusively to GlobeSt.com. “This refinancing is also a key factor in the successful and ongoing retenanting program of 110 Tower.”