Rockwood Capital Secures $88.1 Million Refinance Loan From Fannie Mae For Miami Multifamily Asset

The property involved in this transaction is a multifamily asset located at 455 Northeast 24th Street in Miami. It comprises 297 units and has a total square footage of 271,775. The loan amount secured for this asset is $88,100,000, classified as a refinance with a term of 7 years.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $88,100,000
• Address: 455 Northeast 24th Street
• Market: Miami
• Units: 297
• Square Footage: 271,775
• Lender: Fannie Mae
• Landlord: Rockwood Capital
• Loan Type: Refinance
• Loan Terms: 7 Years

The deal features key individuals from Colliers acting as brokers, including Shahin Yazdi, Jonathan Lee, William Hyatt, Tommy Adelson, and Joe McNamee, who played significant roles in facilitating this transaction for the landlord, Rockwood Capital.