Harrison Drucker & Dan Sacks Of Greystone Secure $76.9M Refinance Loan For Fort Myers Multifamily
FINANCED
$76,900,000
Florida
See Similar DealsMultiFamily266,741 SF
Financed 04/30/2025
FINANCED
Harrison Drucker & Dan Sacks Of Greystone Secure $76.9M Refinance Loan For Fort Myers Multifamily
MultiFamily266,741 SF
Financed 04/30/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$288
Total Square Footage:266,741 SF
Transaction Type:Loan
This transaction involves a multifamily asset located in Fort Myers, FL, featuring a total square footage of 266,741 and comprising 275 units. The loan amount for the refinancing is set at $76,900,000 under lease-up bridge loan terms.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $76,900,000
- Loan Type: Refinance
- Loan Terms: Lease-up Bridge
- Market: Fort Myers, FL
- Asset Square Footage: 266,741
- Total Units: 275
- Brokers: Harrison Drucker & Dan Sacks - Greystone
The deal was facilitated by brokers Harrison Drucker and Dan Sacks, who represent Greystone in this transaction. Contact Harrison Drucker at 323.378.7392 for further inquiries regarding this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$76,900,000.00
Monthly NOI$512,666.67
Monthly Debt Service$486,060.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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