American Commercial Realty Acquires Multifamily Properties In Gainesville For $37M Loan With Fannie Mae

Four multifamily properties in Gainesville have been involved in a recent loan transaction. The properties, located at 3600 Windmeadows Blvd, 321 NW 21st Ln, 3316 SW 41st Pl, and 3751 SW 20th Ave, comprise a total of 460 units.

Summary of Transation Details:

• Property Type: Multifamily
• Transaction Amount: $37,000,000
• Loan Terms: 10-year, fixed-rate

The loan for this transaction was provided by Fannie Mae. The landlord of these properties is American Commercial Realty, represented by Rick Baer. The deal was facilitated by brokers Elliott Throne, Kenny Cutler, and Karim Khaiboullin of JLL.