SB Real Estate Partners Secures $23M JV Equity Loan For Glendale Multifamily Venture

The property asset involved in the transaction is located at 6801 W Ocotillo Rd, Glendale, AZ, and is categorized as a multifamily asset. The loan amount secured for this property is $23,000,000 as structured under a Joint Venture Equity type loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $23,000,000
• Lender: Freddie Mac
• Landlord: SB Real Estate Partners
• Broker Representatives: Noam Franklin, Cody Kirkpatrick, and Chinmay Bhatt - Berkadia

Berkadia's JV Equity & Structured Capital team, led by Noam Franklin, Cody Kirkpatrick, and Chinmay Bhatt, has facilitated a partnership with a Texas-based family office, resulting in over $100 million in equity for SB Real Estate Partners’ multifamily expansion. This closing in Glendale is among seven multifamily assets acquired, contributing to a total transaction volume exceeding $350 million across various locations.