Port 32 Marinas Secures $400 Million Refinance Loan For Atlantic Coast Marina Portfolio

The Atlantic Coast Marina Portfolio, situated in Florida and North Carolina, comprises a collection of marinas. Port 32 Marinas is the landlord overseeing this portfolio, which is involved in this refinancing deal. The transaction secured a loan amount of $400,000,000 specifically designated for refinancing and further acquisitions.

Summary of transaction details:

• Property Type: Marina
• Transaction Amount: $400,000,000
• Lender: Anas Abuzaakouk - Bawag Group
• Landlord: Austin Schell - Port 32 Marinas
• Brokers: Chris Kramer, Jonathan Firestone & Jordan Roeschlaub - Newmark
• Loan Type: Refinance

Newmark facilitated the transaction arrangement, with Chris Kramer, Jonathan Firestone, and Jordan Roeschlaub leading the effort to secure the refinance deal. This collaboration highlights the active involvement of the brokers in the refinancing of the marina portfolio.