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2150 Northwest 21st Avenue

Scott Waynebern, Eric Draeger & Michael Squires Of MF1 Provide $44.2M Refinance Loan For Multifamily Asset In Ocala
FINANCEDMultiFamily

Scott Waynebern, Eric Draeger & Michael Squires Of MF1 Provide $44.2M Refinance Loan For Multifamily Asset In Ocala

2150 Northwest 21st Avenue

$44,200,000

Building Size

Asset Type

MultiFamily

Closing

Jul 10, 2025

AI

The asset involved in this transaction is a multifamily property located at 2150 Northwest 21st Avenue, Ocala, featuring 272 units. The loan amount for this refinance transaction is $44,200,000, with a two-year floating rate loan as the loan type.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $44,200,000
  • Loan Type: Refinance
  • Loan Terms: Two-year floating rate loan
  • Lender: Scott Waynebern, Eric Draeger & Michael Squires - MF1
  • Landlord: Anzan Investments & Bel Canto Asset Growth Fund
  • Brokers: Mike Aylmer, Scott Wadler, Mitch Sinberg & Bob Falese - Berkadia

The deal includes key representatives from MF1 as lenders, while the landlords are represented by Anzan Investments and Bel Canto Asset Growth Fund. The brokerage team handling this transaction consists of Mike Aylmer, Scott Wadler, Mitch Sinberg, and Bob Falese from Berkadia.

Players

Mitch Sinberg

Berkadia

Broker

$8.5B

vol

136 deals

Broker
Michael Squires

Michael Squires

MF1

Lender

$618.2M

vol

5 deals

Lender
M
MF1Lender
M
MF1Lender

Ocala MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93