$139M Refinance Secured By Victor Dodig For Multifamily Asset At 1874 Heron Club Drive

The property asset involved in the transaction is located at 1874 Heron Club Drive, Delray Beach. This multifamily asset encompasses a total square footage of 433,678 and includes 420 units. The transaction includes a loan amount of $139,000,000 designated for refinance purposes.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $139,000,000
• Lender: Victor Dodig - CIBC
• Landlord: Arnaud Karsenti & Daryl Shevin - 13th Floor Investments; Jose Ardid, Inigo Ardid & Michael Vassilaros - Key International; Joseph Jacobs & Philip Braunstein - Wexford Real Estate; Jack Henry Kapp & Bill Milmoe - CDS International Holdings
• Landlord's Representative: Jordan Roeschlaub, Nick Scribani, Danny Matz, Ricky Braha & Max Ralby - Newmark

The individuals involved in the transaction include the lender, Victor Dodig from CIBC, and various landlords tied to the multifamily asset. The collective representation by Newmark highlights a team of professionals, including Jordan Roeschlaub, Nick Scribani, and others, who played a role in facilitating the deal.