Alejandro Velez & Zach Fox Of Midtown Capital Partners Secure $57M Refinance For Multifamily Asset In Lake Worth

The property asset involved is a multifamily complex located at 2201 10th Avenue North in Lake Worth, consisting of 230 units. The transaction total amounts to $57,000,000 with a refinancing loan. The loan includes a term of two years and an option for a six-month extension.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $57,000,000
• Loan Type: Refinance
• Loan Terms: Two years, 6 month extension option
• Lender: David Berg - Infinity Collective
• Landlord: Alejandro Velez & Zach Fox - Midtown Capital Partners
• Brokers: Mitch Sinberg, Scott Wadler, Matt Robbins, Brad Williamson & Patrick Johnson - Berkadia

The individuals involved in this transaction include David Berg, who serves as the lender, and Alejandro Velez and Zach Fox, representing Midtown Capital Partners as the landlords. The deal was brokered by a team from Berkadia, featuring Mitch Sinberg, Scott Wadler, Matt Robbins, Brad Williamson, and Patrick Johnson.