Overland Group & Neal Bawa Refinance Mesa Multifamily With $59.9M Loan

A joint venture between Overland Group and Grocapitus Investments has secured a $59.9 million loan to refinance an Arizona multifamily asset located at 1760 South Crismon Road in Mesa, AZ.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $59,900,000
• Lender: Ready Capital
• Landlord: Overland Group & Neal Bawa - Grocapitus Investments
• Brokers: Aaron Appel, Adam Schwartz, Jonathan Schwartz, Keith Kurland, Michael Ianno, Michael Stepniewski & Triston Stegall - Walker & Dunlop
• Loan Type: Refinance
• Loan Terms: Five-year, floating-rate loan

The key individuals and companies involved in the deal include Aaron Appel, Adam Schwartz, Jonathan Schwartz, Keith Kurland, Michael Ianno, Michael Stepniewski, and Triston Stegall from Walker & Dunlop, who facilitated the loan for Overland Group and Grocapitus Investments.