ZMR Capital And Slate Asset Management Secure $230 Million Recapitalization Loan From Fannie Mae

The transaction involves multiple multifamily assets located in Florida, including The Boardwalk Apartments at 4637 Deleon St, Hanley Place Apartments at 4445–4545 Executive Drive, and Skye Oaks at 110 Summerfield Way. The assets span a total square footage of 715,120 and comprise 1,601 units. The loan amount related to this deal is $230,000,000, categorized as a recapitalization, which includes a capital stack of $168 million from a Fannie Mae loan and $62 million sourced from equity.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $230,000,000
• Asset Locations: The Boardwalk Apartments - 4637 Deleon St, Hanley Place Apartments - 4445–4545 Executive Drive, Skye Oaks - 110 Summerfield Way
• Market: Fort Myers, Port Richey, Brandon, FL
• Lender: Fannie Mae
• Landlord: ZMR Capital & Slate Asset Management
• Brokers: Ricky Warner, Henry Stimler & William Weber - Newmark
• Capital Stack: $168MM Fannie Mae Loan | $62MM of Equity Sourced

The deal involves key participants including lenders from Fannie Mae and landlords ZMR Capital and Slate Asset Management. The brokerage team consists of Ricky Warner, Henry Stimler, and William Weber from Newmark, who facilitated the transaction.