facebook
Traded Co logo
Submit

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

Property Image
FINANCED
$52,896,000
Brad Williamson
Mitch Sinberg
+ 2

Florida

See Similar Deals
MultiFamily
Financed 07/12/2023
the dealplayerscompscontact
Property Image
FINANCED

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

10900 NW 17th St, Plantation, FL 33322, United States

See Similar Deals
MultiFamily
Financed 07/12/2023
Brad Williamson
Mitch Sinberg
+ 2
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

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:

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.

Players

Brad Williamson
111 deals$7B volume(786) 646-2580
BROKER

Mitch Sinberg
Berkadia
136 deals$8.5B volume(561) 609-4006
BROKER

Matthew (Matt) Robbins
Berkadia
117 deals$7B volume
BROKER

Scott Wadler
Berkadia
167 deals$10.2B volume
BROKER

Abigail Beauchamp
Berkadia
15 deals$589.5M volume
BROKER

Freddie Mac
LENDER


Details

FINANCED
IMAGE: Matthew (Matt) Robbins, Mitch Sinberg, Scott Wadler, Brad Williamson & Abigail Beauchamp DATE: 07/12/2023 ADDRESS: 10900 NW 17th St - The Atlantic Preserve MARKET: Plantation ASSET TYPE: MultiFamily ~ UNITS: 293 LENDER: Freddie Mac (@FreddieMacCorp) LANDLORD: Atlantic Pacific Companies (@APCompanies) & LEM Capital LANDLOR'S REP: Mitch Sinberg (@TheJewishIceberg), Brad Williamson, Matthew (Matt) Robbins, Scott Wadler (@Swadler1) & Abigail Beauchamp - Berkadia (@Berkadia) LOAN AMOUNT: $52,896,000 LOAN TYPE: Acquisition LOAN TERMS: Adjustable-Rate Loan with a 10-year term.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$52,896,000.00

Monthly NOI$352,640.00
Monthly Debt Service$334,338.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00