Updated Oct 29, 2024
Berkadia Secures $51.5M Refinance Loan For Fort Lauderdale Multifamily Property
5201 N Dixie Hwy Fort Lauderdale, FL 33334, USA
$51,500,000
$173,986/SF
Building Size
296 SF
Asset Type
MultiFamily
Closing
May 5, 2023
About this deal
AI
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.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Brad Williamson to view all their deals.
Browse Miami multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93