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

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FINANCED
$20,000,000

Alabama

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MultiFamily
Financed 06/30/2025
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FINANCED

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

17830 Baldwin Farms Place

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MultiFamily
Financed 06/30/2025
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Summary

ALABAMA
Asset Type:MultiFamily
Transaction Type:Loan

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:

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.

Players

William (Bill) Weber
49 deals$9.6B volume
BROKER

Henry Stimler
Newmark
53 deals$4.7B volume
BROKER

Ricky Warner
Newmark
40 deals$2.5B volume(818) 687-0714
BROKER

Newmark
BROKERAGE

Details

FINANCED
IMAGE: Ricky Warner, Henry Stimler & William Weber DATE: 6/30/2025 ADDRESS: 17830 Baldwin Farms Place MARKET: Robertsdale, AL ASSET TYPE: Multifamily ~ UNITS: 152 LENDER: Fannie Mae (@OfficialFannieMae) LANDLORD: MFP Capital BROKERS: Ricky Warner (@RickyWarner1), Henry Stimler (@HenryStimler) & William Weber - Newmark (@Newmark) LOAN AMOUNT: $19,200,000 LOAN TYPE: Refinance LOAN TERMS: 7yr Term | 4yrs IO | 5.20% All-In Rate

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$20,000,000.00

Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00