Updated Sep 23, 2026
FINANCEDMultiFamily
Westlight Capital Secures $162,500,000 Million Refinance Loan For 47-Unit Multifamily Asset In Naples
3009-3134 Juniper Way
$162,500,000
Units
47
Asset Type
MultiFamily
Closing
Aug 28, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located at 3009-3134 Juniper Way in Naples, comprising 47 units. The refinance loan amount for this property is $16,250,000, and it has a loan term of 3 years with floating rates and two 12-month extension options.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $162,500,000
- Lender: CoreVest
- Borrower: Westlight Capital
- Landlord's Representative: Mitch Sinberg, Patrick McGlohn, Matthew Robbins, Natalie Hershey & Nicholas Horowitz - Berkadia
This transaction is represented by a team of brokers at Berkadia, ensuring a comprehensive approach to the refinancing process for Westlight Capital. The representation effort includes multiple individuals, highlighting the collaborative nature of the deal.
On the Map
$162,500,000
MultiFamily
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Players
CoreVest FinanceLender
Westlight CapitalLandlord
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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93