Berkadia Secures $24.64 Million Loan For Multifamily Acquisition In Fort Lauderdale

The asset involved in the transaction is a multifamily property located at 2500 Southwest 22nd Terrace, situated in the Fort Lauderdale market. The property consists of 140 units and is backed by a loan amounting to $24,640,000, secured through a fixed-rate acquisition loan with a five-year term facilitated by Berkadia via Freddie Mac.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $24,640,000
• Loan Type: Acquisition
• Loan Terms: Five-year, fixed-rate loan
• Lender: Berkadia via Freddie Mac
• Landlord: Rental Asset Management (RAM)
• Brokers: Matthew Robbins, Mitch Sinberg, Scott Wadler, Brad Williamson & Hugo Hernandez - Berkadia

The transaction features several key individuals including Matthew Robbins, Mitch Sinberg, Scott Wadler, Brad Williamson, and Hugo Hernandez, all representing Berkadia in the deal. Their involvement highlights the coordinated effort between various brokers to facilitate the loan transaction for the property owned by Rental Asset Management (RAM).