facebook
Traded Co logo
Submit

Vantage Point Acquisitions Acquires Fort Walton Beach Multifamily For $38M

Property Image
FINANCED
$38,000,000
Mitch Sinberg
Matthew (Matt) Robbins

Florida

See Similar Deals
MultiFamily
Financed 03/01/2020
the dealplayerscompscontact
Property Image
FINANCED

Vantage Point Acquisitions Acquires Fort Walton Beach Multifamily For $38M

1200 Crosswinds Landing, Fort Walton Beach, FL, USA

See Similar Deals
MultiFamily
Financed 03/01/2020
Mitch Sinberg
Matthew (Matt) Robbins
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

Three properties located at 1200 Crosswinds Landing, 1792 Lewis St, and 1497 Pine Road N in Fort Walton Beach have been acquired in a recent transaction. The properties are categorized as multifamily assets and were purchased by Vantage Point Acquisitions.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $38,000,000
  • Address: 1200 Crosswinds Landing, 1792 Lewis St, and 1497 Pine Road N
  • Market: Fort Walton Beach

The acquisition was facilitated through a loan provided by Fannie Mae. Berkadia represented both the buyer, Vantage Point Acquisitions, and the seller in this transaction. Mitch Sinberg and Matthew Robbins, acting as brokers from Berkadia, played a crucial role in the deal's negotiation and completion.

Players

Mitch Sinberg
Berkadia
Mitch Sinberg
131 deals$8.3B volume(561) 609-4006
BROKER
Matthew (Matt) Robbins
Berkadia
Matthew Robbins
113 deals$6.8B volume
BROKER
Fannie Mae
Fannie Mae
LENDER
VA
Vantage Point Acquisitions
LANDLORD

Details

FINANCED
IMAGE: Matthew Robbins & Mitch Sinberg DATE: 03/01/2021 ADDRESS: 1200 Crosswinds Landing, 1792 Lewis St & 1497 Pine Road N MARKET: Fort Walton Beach ASSET TYPE: Multifamily LOAN TYPE: Acquisition LENDER: Fannie Mae LANDLORD: Vantage Point Acquisitions BROKERS: Berkadia- Mitch Sinberg & Matthew Robbins LOAN AMOUNT: $38,000,000

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

$38,000,000.00

Monthly NOI$253,333.33
Monthly Debt Service$240,185.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00