Centennial Management's Multifamily In Pembroke Gardens Secures $28.4M HUD-Backed Loan

A multifamily property located at 3701 SW 52nd Avenue in Pembroke Gardens has recently been involved in a closed transaction. The property consists of 198 units and is owned by Centennial Management, represented by Lewis V. Swezy. The transaction involved a loan provided by Greystone, with Eric Rosenstock serving as the lender's representative. The loan amount for the deal was $28,400,000, and it was a 35-year, fixed-rate, HUD-backed loan.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $28,400,000
• Address: 3701 SW 52nd Avenue
• Market: Pembroke Gardens
• Units: 198
• Lender: Greystone - Eric Rosenstock
• Landlord: Centennial Management - Lewis V. Swezy

The deal was facilitated by Eric Rosenstock from Greystone on behalf of the lender. Lewis V. Swezy represented Centennial Management as the landlord's representative. The transaction involved a significant loan amount and a long-term, fixed-rate agreement, providing stability and financing for the multifamily property in Pembroke Gardens.