Red Knight Properties Obtains $4.1M Acquisition Loan For Ocala Multifamily Property

The acquisition of a multifamily property located at 1725 Northeast 36th Avenue in Ocala, FL has been completed. The property consists of 67 units and was financed through a 5-year fixed-rate loan provided by RWC Lending. The loan amount for the acquisition was $4,075,000. Red Knight Properties acted as the landlord in this transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,075,000
• Units: 67
• Market: Ocala, FL

The brokers involved in this deal were Matthew Stearns and Zach Lutwak-Fitzgerald of Black Bear Capital Partners, who represented both the buyer and the seller. They played a crucial role in facilitating the acquisition of the property. The loan secured for this acquisition had 5-year fixed-rate terms, with interest-only payments throughout the entire duration of the loan term.