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Artemis Real Estate Partners Secures $58.33 Million Refinance Loan For Multifamily Asset In Homestead

Property Image
FINANCED
$58,500,000
Michael (Thomas) Basinski
Brad Williamson
+ 3

Florida

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MultiFamily
Financed 08/19/2025
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Property Image
FINANCED

Artemis Real Estate Partners Secures $58.33 Million Refinance Loan For Multifamily Asset In Homestead

14981 Sw 283rd St

See Similar Deals
MultiFamily
Financed 08/19/2025
Michael (Thomas) Basinski
Brad Williamson
+ 3
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

The property asset involved in the transaction is a multifamily unit located at 14981 Southwest 283rd Street in Homestead, comprising 288 units. The loan amount for the refinance transaction is $58,330,000, structured as a seven-year, floating-rate loan. The lender for this transaction is Berkadia via Freddie Mac.

Summary of transaction details:

The deal features significant involvement from multiple brokers, with Michael Basinski, Scott Wadler, Mitch Sinberg, Patrick McGlohn, Matt Robbins, and Brad Williamson representing Berkadia. The transaction highlights the collaboration among various industry experts and firms to successfully facilitate the refinance of the property.

Players

Brad Williamson
107 deals$6.8B volume(786) 646-2580
BROKER

Mitch Sinberg
Berkadia
131 deals$8.3B volume(561) 609-4006
BROKER

Matthew (Matt) Robbins
Berkadia
113 deals$6.8B volume
BROKER

Scott Wadler
Berkadia
160 deals$9.8B volume
BROKER

Michael (Thomas) Basinski
Berkadia
40 deals$3.7B volume
BROKER

Patrick McGlohn
Berkadia
15 deals$861.6M volume(301) 941-4610
BROKER

Berkadia
BROKERAGE



Details

FINANCED
IMAGE: Brad Williamson, Matt Robbins, Michael Basinski, Mitch Sinberg, Michael Sommers, Patrick McGlohn & Scott Wadler DATE: 08/21/2025 ADDRESS: 14981 Southwest 283rd Street MARKET: Homestead ASSET TYPE: Multifamily ~ UNITS: 288 LENDER: Berkadia via Freddie Mac LANDLORD: Artemis Real Estate Partners; Michael Sommers - Grand Peaks BROKERS: Michael Basinski (@MichaelThomasBasinski), Scott Wadler (@SWadler1), Mitch Sinberg (@MitchSinberg), Patrick McGlohn, Matt Robbins & Brad Williamson (@Howu_b_livin) - Berkadia (@Berkadia) LOAN AMOUNT: $58,330,000 LOAN TYPE: Refinance LOAN TERMS: Seven-year, floating-rate loan.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$58,500,000.00

Monthly NOI$390,000.00
Monthly Debt Service$369,759.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00