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

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FINANCED
$23,168,000
Charles Foschini
Shannon Wilson
+ 1

Florida

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MultiFamily272 SF
Financed 03/31/2025
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FINANCED

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

210 Welcome Way

See Similar Deals
MultiFamily272 SF
Financed 03/31/2025
Charles Foschini
Shannon Wilson
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$85,176
Total Square Footage:272 SF
Transaction Type:Loan

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.

Players

Charles Foschini
57 deals$3.1B volume(305) 267-6608
BROKER

Christopher (Chris) Apone
Berkadia
49 deals$2.4B volume
BROKER

Shannon Wilson
Berkadia
19 deals$825.9M volume
BROKER

Lourdes Carranza-Alvarez
Berkadia
10 deals$477.4M volume
BROKER

Freddie Mac
LENDER

Details

FINANCED
IMAGE: Lourdes Carranza-Alvarez, Charles Foschini, Christopher Apone & Shannon Wilson DATE: 03/31/2025 ADDRESS: 210 Welcome Way MARKET: Fern Park ASSET TYPE: Multifamily ~ UNITS: 272 LENDER: Berkadia via Freddie Mac (@FreddieMacCorp) LANDLORD: Advenir Azora BROKERS: Charles Foschini (@Gladesman1), Christopher Apone, Lourdes Carranza-Alvarez & Shannon Wilson - Berkadia (@Berkadia) LOAN AMOUNT: $23,168,000 LOAN TYPE: Refinance LOAN TERMS: Five-year, fixed-rate loan with an extended interest only period and a 60% LTV

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$23,168,000.00

Monthly NOI$154,453.33
Monthly Debt Service$146,437.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00