Robbins Property Associates Secures $107.3 Million Refinance Loan From Berkadia For Multifamily Assets

The asset involved in the transaction includes three multifamily properties located at 200 Avenue K Southeast, 4714 North Habana Avenue, and 1746 Bowen Drive within the markets of Winter Haven, Tampa, and Orlando. The total number of units across these properties is 944. The refinance loan amount secured for these properties is $107,300,000, with a 10-year fixed-rate loan structured for each property.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $107,300,000
• Lender: Berkadia via Freddie Mac
• Landlord: Robbins Property Associates
• Brokers: Mitch Sinberg, Matthew Robbins, Scott Wadler, Brad Williamson & Hugo Hernandez - Berkadia
• Loan Type: Refinance
• Loan Terms: A 10-year, fixed-rate loan for each property

Key individuals involved in the transaction include the brokers from Berkadia who facilitated the deal. The team comprises Mitch Sinberg, Matthew Robbins, Scott Wadler, Brad Williamson, and Hugo Hernandez, representing the interests of Robbins Property Associates in the refinancing process.