VyStar Credit Union Refinances MultiFamily Property In Belleview, FL

An apartment complex located at 11322 SE 55th Avenue Road in Belleview, FL has recently undergone a refinancing transaction. The 56-unit garden-style property was refinanced through a 7-year fixed-rate loan with interest-only payments. The loan amount secured for this transaction was $5,421,000. VyStar Credit Union acted as the lender for this refinancing deal.

Summary of transation details

• Property Type: MultiFamily
• Transaction Amount: $5,421,000
• Market: Belleview, FL
• Lender: VyStar Credit Union
• Landlord: Red Knight Properties
• Brokers: Matthew Stearns & Zach Lutwak-Fitzgerald - Black Bear Capital Partners

Black Bear Capital Partners, represented by Matthew Stearns & Zach Lutwak-Fitzgerald, acted as the brokers in this refinancing deal. Red Knight Properties serves as the landlord of the apartment complex. With a focus on providing a 7-year fixed-rate loan, the refinancing transaction offers interest-only payments to the borrower, ensuring financial flexibility for the property owner.