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Berkadia Brokers Secure $280.3M Loan For Multifamily Assets In Weston & Sunrise

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FINANCED
$280,300,000

Florida

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MultiFamily
Financed 02/06/2022
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FINANCED

Berkadia Brokers Secure $280.3M Loan For Multifamily Assets In Weston & Sunrise

1343 St Tropez Cir, Weston, Florida 33326, United States

See Similar Deals
MultiFamily
Financed 02/06/2022
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

The recently closed property transaction involves a multifamily asset located at 1343 Saint Tropez Circle in Weston and 1640 Northwest 128th Drive in Sunrise. The property consists of 972 units and has been traded for an undisclosed price.

Summary of transaction details:

Acting as the lenders in this deal, MF1 Capital, CBRE Capital Markets, Limekiln Real Estate, and Berkshire Group provided a loan amount of $280,300,000.

Players

Mitch Sinberg
135 deals$8.4B volume(561) 609-4006
BROKER

Matthew (Matt) Robbins
Berkadia
116 deals$6.9B volume
BROKER

Hugo Hernandez
Berkadia
9 deals$617.9M volume
BROKER

CBRE
BROKERAGE

CBRE
LENDER




Details

FINANCED
IMAGE: Matt Robbins, Mitch Sinberg & Hugo Hernandez DATE: 02/06/2022 ADDRESS: 1343 Saint Tropez Circle & 1640 Northwest 128th Drive MARKET: Weston & Sunrise ASSET TYPE: Multifamily ~ UNITS: 972 LENDER: MF1 Capital, CBRE Capital Markets, Limekiln Real Estate & Berkshire Group BROKERS: Mitch Sinberg, Matt Robbins & Hugo Hernandez - Berkadia LOAN AMOUNT: $280,300,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$280,300,000.00

Monthly NOI$1,868,666.67
Monthly Debt Service$1,771,686.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00