MetLife Provides $36M Refinance Loan For Sunrise Multifamily Property

The multifamily property located at 3991 Northwest 82nd Avenue in Sunrise has been involved in a loan transaction.

Summary of transaction details

• Property Type: Multifamily
• Loan Amount: $36,000,000
• Loan Type: Refinance
• Loan Terms: 10-year, fixed-rate loan with full term interest only and a 60% loan-to-value ratio

The loan was secured from Met Life. The landlord, Andy Burnham, sought to refinance the property with the loan amount of $36,000,000. The terms of the loan include a 10-year fixed-rate arrangement with full term interest only and a 60% loan-to-value ratio.

Berkadia represented the landlord in the deal, with Charles Foschini, Christopher Apone, and Lourdes Carranza-Alvarez serving as brokers.