Ocean Bank Provides $19.5M Refinance Loan For DeBary Multifamily Property

The multifamily property located at 2841 Enterprise Rd in DeBary has been recently involved in a closed transaction. With a total of 130 units and a size of 211,500 square feet, this property offers great investment potential.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $19,500,000
• Lender: Ocean Bank
• Landlord: Tilmar Hansen
• Broker: Brandon Perdeck - Aries Capital
• Loan Type: Refinance
• Loan Terms: Construction Loan + Mini Perm

The loan provided by Ocean Bank for the transaction amounts to $19,500,000. It is a refinance loan with construction loan and mini perm terms, indicating the long-term financing of the property.