JSB Capital Group & Johnston Group Secure $36.63M Loan For Palm Beach Shores Multifamily Property

The property asset involved in the transaction is a multifamily unit located at 184 Lake Drive in Palm Beach Shores. The loan amount for this transaction is $36,635,000, designated for repositioning purposes, utilizing a two-year, floating rate loan with a one-year extension option.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $36,635,000
• Lender: Adrian Rahimi - Bank Hapoalim (BHI)
• Landlord: JSB Capital Group & Johnston Group
• Brokers: Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins & Michael Basinski - Berkadia
• Loan Type: Repositioning
• Loan Terms: Two-year, floating rate loan with a one-year extension option

The deal included key individuals such as Adrian Rahimi representing Bank Hapoalim, and the landlords JSB Capital Group and Johnston Group. The transaction was facilitated by a team of brokers from Berkadia, comprising Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins, and Michael Basinski.