Advenir Azora Secures $23.17 Million Refinance Loan From Berkadia For Fern Park Multifamily Property
Florida
See Similar DealsAdvenir Azora Secures $23.17 Million Refinance Loan From Berkadia For Fern Park Multifamily Property
210 Welcome Way
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The asset involved in this transaction is a multifamily property located at 210 Welcome Way in Fern Park, consisting of 272 units. The loan amount for this refinance transaction is $23,168,000. The loan is structured as a five-year, fixed-rate loan, featuring an extended interest-only period with a loan-to-value ratio of 60%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $23,168,000
- Address: 210 Welcome Way
- Market: Fern Park
- Lender: Berkadia via Freddie Mac
- Landlord: Advenir Azora
- Loan Type: Refinance
- Loan Terms: Five-year, fixed-rate loan with an extended interest-only period and a 60% LTV
- Brokers: Charles Foschini, Christopher Apone, Lourdes Carranza-Alvarez & Shannon Wilson - Berkadia
The deal was facilitated by a team of brokers from Berkadia, consisting of Charles Foschini, Christopher Apone, Lourdes Carranza-Alvarez, and Shannon Wilson, who played a crucial role in coordinating this refinance transaction for the landlord, Advenir Azora.
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