Beachwold Residential Refinances Riverview Multifamily Property With $53.77M Loan

Located in Riverview, the multifamily property at 10220 Summer Palm Drive has recently undergone a refinancing transaction. The property consists of 340 units, making it a substantial investment opportunity for the landlord, Beachwold Residential, LLC. The loan for this transaction was provided by Freddie Mac, and it amounts to $53,770,000. The loan terms include a seven-year duration and a non-recourse agreement.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $53,770,000
• Address: 10220 Summer Palm Drive
• Market: Riverview
• Units: 340
• Lender: Freddie Mac

Elliott Throne, Mona Carlton, Kenny Cutler, and Karim Khaiboullin, representing JLL Capital Markets, acted as brokers in this deal, facilitating the refinancing transaction. Their expertise and negotiation skills played a crucial role in the successful completion of this seven-year, non-recourse loan.