Advenir Azora Secures $23.17 Million Refinance Loan From Berkadia For Fern Park Multifamily Property

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.