Oak Row Equities Secures $210.5 Million Loan From Bank OZK And Canyon Partners For Multifamily Asset

The property asset involved in the transaction is a multifamily unit located at 2900 Terrace - 401 NE 29th Street, in the Edgewater market of Miami. The asset comprises 324 units and has a total square footage of 346,489. The loan amount secured for this property is $210,500,000, categorized under full stack financing that includes both senior loan and mezzanine financing.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $210,500,000
• Units: 324
• Square Footage: 346,489
• Address: 2900 Terrace - 401 NE 29th Street
• Market: Edgewater, Miami
• Lender: Bank OZK & Canyon Partners
• Landlord: Oak Row Equities
• Brokers: Christopher Peck, Brian Gaswirth, Nicco Lupo & Nick Lavin - JLL

The key individuals involved in the transaction include representatives from JLL, specifically Christopher Peck, Brian Gaswirth, Nicco Lupo, and Nick Lavin, who facilitated the loan arrangement on behalf of the landlord, Oak Row Equities. The lenders, Bank OZK and Canyon Partners, played a crucial role in the financial structuring of this deal.