Atlantic Pacific Companies & LEM Capital Acquire MultiFamily Property In Plantation For $52.9M Loan Provided By Freddie Mac

The Atlantic Preserve, located at 10900 NW 17th St in Plantation, is a multi-family property with 293 units. The property was recently involved in an acquisition loan transaction.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $52,896,000
• Lender: Freddie Mac
• Landlord: Atlantic Pacific Companies & LEM Capital
• Landlord's Representative: Mitch Sinberg, Brad Williamson, Matthew (Matt) Robbins, Scott Wadler, & Abigail Beauchamp - Berkadia
• Loan Type: Acquisition
• Loan Terms: Adjustable-Rate Loan with a 10-year term

The loan, provided by Freddie Mac, amounted to $52,896,000. The Atlantic Preserve is owned by Atlantic Pacific Companies and LEM Capital, with their representatives, Mitch Sinberg, Brad Williamson, Matthew (Matt) Robbins, Scott Wadler, and Abigail Beauchamp from Berkadia, handling the deal. The loan is an adjustable-rate loan with a 10-year term.