Eagle Property Capital Secures $20.09 Million Refinance Loan For Multifamily Asset In Clearwater

The property asset involved in this transaction is a multifamily residential building with 183 units located at 13200 49th Street North in Clearwater. The transaction includes a refinance loan amounting to $20,090,000 with a loan type of floating-rate over seven years, including five years of interest-only payments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $20,090,000
• Lender: Berkadia via Freddie Mac
• Landlord: Eagle Property Capital
• Brokers: Scott Wadler, Mitch Sinberg, Brad Williamson, Matt Robbins, Abigail Beauchamp & Jared Hill - Berkadia
• Loan Terms: Seven-year, floating-rate loan with 5-years interest-only

The brokers involved in this transaction represent Eagle Property Capital and include several individuals from Berkadia, namely Scott Wadler, Mitch Sinberg, Brad Williamson, Matt Robbins, Abigail Beauchamp, and Jared Hill. Their collaborative efforts contributed to securing the refinancing for the multifamily asset.