American Landmark Secures $55.58M Refinance Loan From Freddie Mac For 336-Unit Multifamily Property

The property involved in this transaction is a multifamily asset located at 100 Reflections Circle, Casselberry, featuring 336 units and a total square footage of 319,000. The deal entailed a loan amount of $55,580,000 for refinancing purposes with a 5-year term, incorporating 3 years of interest-only payments and an all-in rate of 5.14%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $55,580,000
• Address: 100 Reflections Circle
• Market: Casselberry
• Units: 336
• Square Footage: 319,000
• Lender: Freddie Mac
• Landlord: American Landmark
• Brokers: Matthew Mense, Ari Schwartzbard, Henry Stimler, Ricky Warner & William Weber - Newmark
• Loan Type: Refinance
• Loan Terms: 5yr Term | 3yrs IO | 5.14% All-in Rate

The deal was represented by a team of brokers from Newmark, including Matthew Mense, Ari Schwartzbard, Henry Stimler, Ricky Warner, and William Weber. Their involvement highlights the expertise brought to the transaction by Newmark in the multifamily market space.