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

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:

• Property Type: Multifamily
• Transaction Amount: $58,330,000
• Asset Address: 14981 Southwest 283rd Street
• Market: Homestead
• Units: 288
• Lender: Berkadia via Freddie Mac
• Landlord: Artemis Real Estate Partners
• Landlord's Representative: Michael Sommers - Grand Peaks
• Brokers: Michael Basinski, Scott Wadler, Mitch Sinberg, Patrick McGlohn, Matt Robbins & Brad Williamson - Berkadia
• Loan Type: Refinance
• Loan Terms: Seven-year, floating-rate loan

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.