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Advenir Secures $54.68 Million Refinance Loan From Freddie Mac For Multifamily Asset In Ocoee

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FINANCED
$54,680,000
Charles Foschini
Shannon Wilson
+ 1

Florida

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MultiFamily1 SF
Financed 09/26/2024
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FINANCED

Advenir Secures $54.68 Million Refinance Loan From Freddie Mac For Multifamily Asset In Ocoee

3200 Old Winter Garden Road

See Similar Deals
MultiFamily1 SF
Financed 09/26/2024
Charles Foschini
Shannon Wilson
+ 1
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$54,680,000
Total Square Footage:1 SF
Transaction Type:Loan

The property asset involved in this transaction is a multifamily complex comprising 408 units located at 3100/3200 Old Winter Garden Road in Ocoee. The loan for this asset, amounting to $54,680,000, is a refinance loan facilitated by Freddie Mac.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $54,680,000
  • Lender: Freddie Mac
  • Landlord: Advenir
  • Address: 3100/3200 Old Winter Garden Road
  • Market: Ocoee
  • Units: 408
  • Loan Type: Refinance

The deal involved key individuals and representatives from Berkadia, specifically Charles Foschini, Christopher Apone, Lourdes Carranza-Alvarez, and Shannon Wilson. They collectively facilitated the transaction on behalf of the landlord, Advenir.

Players

Charles Foschini
57 deals$3.1B volume(305) 267-6608
BROKER

Christopher (Chris) Apone
Berkadia
49 deals$2.4B volume
BROKER

Shannon Wilson
Berkadia
19 deals$825.9M volume
BROKER

Lourdes Carranza-Alvarez
Berkadia
10 deals$477.4M volume
BROKER

Details

FINANCED
IMAGE: Lourdes Carranza-Alvarez, Charles Foschini, Christopher Apone & Shannon Wilson DATE: 09/26/2024 ADDRESS: 3100/3200 Old Winter Garden Road MARKET: Ocoee ASSET TYPE: Multifamily ~ UNITS: 408 LENDER: Freddie Mac (@FreddieMacCorp) LANDLORD: Advenir BROKERS: Charles Foschini (@Gladesman1), Christopher Apone, Lourdes Carranza-Alvarez & Shannon Wilson - Berkadia (@Berkadia) LOAN AMOUNT: $54,680,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$54,680,000.00

Monthly NOI$364,533.33
Monthly Debt Service$345,614.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00