Ken & Zac Goodman Of Interface Properties Secure $26.63M Acquisition Loan For Naples Multifamily
2850 Wild Pines Lane
$26,620,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 14, 2025
AI
The property asset involved in this transaction is a multifamily type located at 2850 Wild Pines Lane, Naples. It encompasses a total of 200 units and is part of the real estate market in the Naples area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $26,625,000
- Lender: Freddie Mac/Berkadia
- Landlord: Ken & Zac Goodman - Interface Properties
- Loan Type: Acquisition
- Loan Terms: Assumption of a $20.622 million senior loan, and $6.003 million supplemental
- Loan Features: Both loans are fixed-rate with 10-year terms
- Brokers: Scott Wadler, Michael Basinski, Matthew Robbins, Brad Williamson, & Matt Jackson - Berkadia via Freddie Mac
The deal features several key individuals and firms, with Ken & Zac Goodman representing Interface Properties as the landlords. The brokerage team from Berkadia, which includes Scott Wadler, Michael Basinski, Matthew Robbins, Brad Williamson, and Matt Jackson, facilitated the transaction in partnership with Freddie Mac.
Players
Naples MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93