MFP Capital Secures $19.2M Refinance Loan From Fannie Mae For 152 Unit Multifamily In Robertsdale AL

The property asset involved is a multifamily unit located at 17830 Baldwin Farms Place in Robertsdale, AL, comprising a total of 152 units. The transaction has secured a loan amount of $19,200,000 through Fannie Mae, utilized for refinancing purposes under a 7-year term with 4 years of interest-only payments at a 5.20% all-in rate.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,200,000
• Loan Type: Refinance
• Loan Terms: 7yr Term | 4yrs IO | 5.20% All-In Rate
• Lender: Fannie Mae
• Landlord: MFP Capital
• Brokers: Ricky Warner, Henry Stimler & William Weber - Newmark

Key individuals involved in the transaction include Ricky Warner, Henry Stimler, and William Weber, who represented the parties in the deal through their association with Newmark. The collaboration among these professionals highlights the expertise brought to the refinancing process for this multifamily asset.