Berkadia Secures $51.5M Refinance Loan For Fort Lauderdale Multifamily Property

The multifamily property located at 5201 North Dixie Highway in Fort Lauderdale has recently undergone a refinancing transaction. The property consists of 296 units and is owned by R.O.I Capital.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $51,500,000
• Lender: Freddie Mac & RCG Longview
• Brokers: Brad Williamson, Mitch Sinberg, Scott Wadler, Matthew (Matt) Robbins & Wesley Moczul - Berkadia

Berkadia facilitated the refinancing, securing a $42.54 million loan from Freddie Mac. The loan has a fixed-rate and a term of five years, with two years of interest-only payments. The loan allows for open prepayment in the third year. In addition to the loan, RCG Longview provided $8.96 million in equity as the preferred equity provider.