Freddie Mac Provides $28.3M Loan For Aurora Multifamily Acquisition

An acquisition loan of $28,324,000 has been secured for a multifamily property located at 10756 East Virginia Avenue in Aurora. The property consists of 198 units and is owned by Trion Properties. The loan was provided by Freddie Mac, with a fixed-rate and a five-year term. The loan-to-value ratio is 68.4% and there will be three years of interest-only payments.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $28,324,000
• Property Address: 10756 East Virginia Avenue
• Market: Aurora
• Lender: Freddie Mac
• Landlord: Trion Properties
• Brokers: Mitch Sinberg, Brad Williamson, Scott Wadler, Matthew (Matt) Robbins, Abigail Beauchamp & Nick Steele - Berkadia
• Loan Type: Acquisition
• Loan Terms: Fixed-rate loan with a five-year term at 68.4% loan-to-value and three years of interest only

Berkadia represented the buyer in this transaction, with brokers Mitch Sinberg, Brad Williamson, Scott Wadler, Matthew (Matt) Robbins, Abigail Beauchamp, and Nick Steele playing a key role. The acquisition loan allows Trion Properties to expand its portfolio and strengthen its multifamily holdings in Aurora.