facebook
Traded Co logo
Submit

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

Property Image
FINANCED
$13,117,000
Mitch Sinberg
Matthew (Matt) Robbins
+ 2

Florida

See Similar Deals
MultiFamily136 SF
Financed 05/06/2025
the dealplayerscompscontact
Property Image
FINANCED

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

2833 South Adams Street

See Similar Deals
MultiFamily136 SF
Financed 05/06/2025
Mitch Sinberg
Matthew (Matt) Robbins
+ 2
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$96,448
Total Square Footage:136 SF
Transaction Type:Loan

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.

Players

Brad Williamson
107 deals$6.8B volume(786) 646-2580
BROKER

Mitch Sinberg
Berkadia
131 deals$8.3B volume(561) 609-4006
BROKER

Matthew (Matt) Robbins
Berkadia
113 deals$6.8B volume
BROKER

Scott Wadler
Berkadia
160 deals$9.8B volume
BROKER

Kyle Ryan
Berkadia
10 deals$275.2M volume
BROKER

Berkadia
LENDER

Details

FINANCED
IMAGE: Mitch Sinberg, Scott Wadler, Brad Williamson, Kyle Ryan & Matthew Robbins DATE: 5/6/2025 ADDRESS: 2833 South Adams Street MARKET: Tallahassee ASSET TYPE: Multifamily ~ UNITS: 136 LENDER: Berkadia via Freddie Mac LANDLORD: Blue Magma Residential BROKERS: Brad Williamson (@Howu_b_livin), Mitch Sinberg (@MitchSinberg), Scott Wadler (@SWadler1), Matthew Robbins & Kyle Ryan - Berkadia (@Berkadia) LOAN AMOUNT: $13,117,000 LOAN TYPE: Refinance LOAN TERMS: Five year term with one-year interest-only period.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$13,117,000.00

Monthly NOI$87,446.67
Monthly Debt Service$82,908.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00