Midtown Capital Partners Acquires Multifamily Property In Palm Bay, FL For $30.5M Loan

The multifamily property located at 4952 Dixie Hwy NE in Palm Bay, FL has been involved in a recent transaction. The property consists of 300 units with a total square footage of 156,120. The transaction involves a construction loan with a loan amount of $30,510,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $30,510,000
• Address: 4952 Dixie Hwy NE, Palm Bay, FL
• Market: Palm Bay, FL
• Units: 300
• Square Footage: 156,120

The lenders for this transaction are Bank OZK and Forum Capital Advisors. The landlords involved are Midtown Capital Partners and Prospect Real Estate Development Group. The brokers representing the deal are Jordan Roeschlaub, Dustin Stolly, Nick Scribani, and Danny Matz from Newmark.