Blue Magma Residential Secures $13.12M Refinance Loan From Berkadia For Multifamily Asset In Tallahassee

The property asset involved in this transaction is a multifamily residential complex located at 2833 South Adams Street, Tallahassee. It consists of 136 units and has secured a refinance loan amount of $13,117,000. The transaction was facilitated through Berkadia using Freddie Mac as the lender.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,117,000
• Loan Type: Refinance
• Loan Terms: Five year term with one-year interest-only period
• Lender: Berkadia via Freddie Mac
• Landlord: Blue Magma Residential
• Brokers: Brad Williamson, Mitch Sinberg, Scott Wadler, Matthew Robbins & Kyle Ryan - Berkadia

Key individuals involved in the deal include brokers Brad Williamson, Mitch Sinberg, Scott Wadler, Matthew Robbins, and Kyle Ryan, all of whom represented the transaction under Berkadia. This collaboration among experienced brokers highlights the professionalism in managing the refinance process for the multifamily asset.