Freddie Mac Provides $247.5M Loan For Mixed-Use Property In Miami With Berkadia As Lender | 55 Northeast 5th Street & 25 Northeast 5th Street | Freddie Mac | Peter Mekras | Mixed-use | Loan

Summary

Loan

FLORIDA

Mixed-use

The transaction involved a mixed-use property located at 55 NE 5th Street and 25 NE 5th Street in Miami. The property consists of 1,043 units.

Summary of transation details

Property Type: Mixed-use
Transaction Amount: $247,500,000
Loan Lender: Freddie Mac
Borrower Representative: Charles Foschini - berkadia''>Berkadia
Landlord: Melo Group
Broker: Peter Mekras - Aztec Group

The loan amount for this transaction was $247,500,000. The loan terms include a 10-year full-term interest-only debt financing, with a fixed rate of just over 3 percent.

Players

All
3

Agents
1
Agencies
1
Lenders
1

$15.4M Sold

Details

Deal Summary

FINANCED

IMAGE: Peter Mekras & Charles Foschini DATE: 12/14/2021 ADDRESS: 55 NE 5th Street & 25 NE 5th Street MARKET: Miami ASSET TYPE: Mixed-use ~ UNITS: 1,043 LENDER: Freddie Mac; Berkadia - Charles Foschini LANDLORD: Melo Group BROKERS: Peter Mekras - Aztec Group LOAN AMOUNT: $247,500,000 LOAN TERMS: 10-year, full-term interest-only debt financing that features a fixed rate of just over 3 percent

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Address55 Northeast 5th Street & 25 Northeast 5th Street

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