Harrison Drucker & Dan Sacks Of Greystone Secure $76.9M Refinance Loan For Fort Myers Multifamily
$76,900,000
$288/SF
Building Size
266,741 SF
Asset Type
MultiFamily
Closing
Apr 29, 2025
AI
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.
Players
Fort Myers 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93