RAM Acquires Multifamily Asset In Boca Raton For $6.8M

The property involved in the transaction is a multifamily asset located at 329 West Camino Real, 14th & 15th Street in Boca Raton. The property is owned by Rental Asset Management (RAM) and was recently involved in a closed transaction.

Summary of transaction details

• Property Type: Multifamily
• Transaction Date: 06/08/2020
• Address: 329 West Camino Real, 14th & 15th Street, Boca Raton
• Market: Boca Raton
• Loan Amount: $6,800,000
• Loan Terms: 3-year, fixed-rate
• Units: 52
• Landlord: Rental Asset Management (RAM)
• Brokers: Mitch Sinberg & Matthew Robbins - Berkadia

The loan amount for this transaction was $6,800,000, with a loan term of 3 years and a fixed interest rate. The property consists of 52 units and is located at 329 West Camino Real, 14th & 15th Street, in the market of Boca Raton. The landlord of the property is Rental Asset Management (RAM), and the brokers involved in the deal were Mitch Sinberg and Matthew Robbins from Berkadia.