LD&D Black Salmon Bridge Investment Group Secures $56 Million Refinance Loan From Fannie Mae For Multifamily Asset In Miami

The asset involved in this transaction is a multifamily property located at 1765 North Miami Avenue in the Miami market, comprising 224 units. The transaction involves a loan amount of $56,000,000, which is classified as a refinance. The loan terms are structured as a seven-year, fixed-rate loan with full-term interest-only payments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $56,000,000
• Lender: Fannie Mae
• Landlord: LD&D, Black Salmon, Bridge Investment Group & IGEQ
• Brokers: Scott Wadler, Mitch Sinberg, Matt Robbins, Brad Williamson, Abigail Beauchamp, Jared Hill & Chris Ellis - Berkadia
• Loan Type: Refinance
• Loan Terms: Seven-year, fixed-rate loan with full-term interest-only

The transaction was facilitated by a team of brokers from Berkadia, including Scott Wadler, Mitch Sinberg, Matt Robbins, Brad Williamson, Abigail Beauchamp, Jared Hill, and Chris Ellis. Their collective efforts contributed to the successful refinance of the multifamily asset, ensuring optimal lending conditions through Fannie Mae.