Rialto Capital Management Provides $34.5M Acquisition Loan For Tallahassee Multifamily Property

The multifamily properties located at 1447 Stone Road, 410 Victory Garden Drive, and 1600 Pullen Road in Tallahassee were involved in a recent transaction. The deal took place on 06/22/2021 and the asset type is multifamily.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $34,500,000
• Market: Tallahassee

The loan for this acquisition was provided by Rialto Capital Management, represented by Oliver Striker. BJB Properties, owned by James Purcell and Donald P. Barry, served as the landlord in this transaction. The brokers involved in the deal were Max Herzog, Marko Kazanjian, Matt Fagella, and Solomon Michailow from JLL Capital Markets.

Additional details about the loan include:

• Lender: Rialto Capital Management - Oliver Striker
• Landlord: BJB Properties - James Purcell & Donald P. Barry
• Brokers: Max Herzog, Marko Kazanjian, Matt Fagella, Solomon Michailow - JLL Capital Markets
• Loan Type: Acquisition

These properties were part of a significant transaction in Tallahassee, involving a loan amount of $34,500,000 for the acquisition of multifamily assets.