Cross Lake Partners And GreenPointe Holdings Secure $56.62M Refinance Loan In Ruskin Multifamily Deal

The asset involved in this transaction is a multifamily property consisting of 300 units, located at 14471 Stagedoor Johnny Place in the Ruskin market. The total loan amount secured for this property is $56,620,000, under a refinance loan type with a three-year floating rate.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $56,620,000
• Lender: Russell Frahm & Brian Hahn - Mesa West Capital
• Landlord: Cross Lake Partners & GreenPointe Holdings
• Brokers: Scott Wadler, Mitch Sinberg, Bryan Brown, Brad Williamson & Matt Robbins - Berkadia
• Loan Terms: Three year floating rate

This transaction reflects the collaboration between notable players in the real estate sector. The involvement of Mesa West Capital as lenders, alongside the landlords Cross Lake Partners and GreenPointe Holdings, highlights a significant partnership in the multifamily asset market.