The Praedium Group Secures $47.8M Loan For Multifamily Property In Plantation

The multifamily property located at 150 Southwest 91st Avenue in Plantation has been involved in a recent transaction. The loan for this property was provided by berkadia''>berkadia'>Berkadia/Freddie Mac. The loan amount is $47,780,000, and it has a seven-year fixed-rate term with five years of interest-only payments. The loan-to-value ratio is 65 percent.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $47,780,000
• Address: 150 Southwest 91st Avenue
• Market: Plantation
• Lender: Berkadia/Freddie Mac
• Landlord: The Praedium Group
• Brokers: Charles Foschini & Christopher Apone - Berkadia

Charles Foschini & Christopher Apone from Berkadia played a crucial role as brokers in this deal, representing the parties involved in the transaction.