Agador Spartacus Development Secures $26.9M Refinance Loan For Multifamily Asset In Wildwood

The asset involved in this transaction is a multifamily property located at 5180 NE 71st Ave in the Wildwood market. The property comprises 132 units and has a total square footage of 153,408. A refinance loan amounting to $26,900,000 was secured for this asset.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,900,000
• Units: 132
• Square Footage: 153,408
• Address: 5180 NE 71st Ave
• Market: Wildwood
• Landlord: Samy Cohen, Alan Benenson & Beto Dichi - Agador Spartacus Development
• Brokers: Max La Cava & Pier Barinci - JLL
• Attorneys: Adam J. Weiss & Sebastian Bohorquez - Weiss Law
• Loan Type: Refinance

The deal was represented by Samy Cohen, Alan Benenson, and Beto Dichi of Agador Spartacus Development as landlords. The transaction involved the legal expertise of Adam J. Weiss and Sebastian Bohorquez of Weiss Law, who played a key role in securing the financing. The loan structure included a senior mortgage as well as a mezzanine loan.