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.
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