FINANCED
Berkadia Secures $51.5M Refinance Loan For Fort Lauderdale Multifamily Property
5201 North Dixie Highway
MultiFamily
296 SF
296 SF
Financed 1 year ago
Summary
Loan
FLORIDA
MultiFamily
296 sqft
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
All
8
Agents
5
Agencies
1
Lenders
2
Details
FINANCED
IMAGE: Matthew (Matt) Robbins, Mitch Sinberg, Scott Wadler, Brad Williamson & Wesley Moczul
DATE: 05/05/2023
ADDRESS: 5201 North Dixie Highway
MARKET: Fort Lauderdale
ASSET TYPE: Multifamily ~ UNITS: 296
LENDER: Freddie Mac & RCG Longview
LANDLORD: R.O.I Capital
BROKERS: Brad Williamson, Mitch Sinberg, Scott Wadler, Matthew (Matt) Robbins & Wesley Moczul - Berkadia (@Berkadia)
LOAN AMOUNT: $51,500,000
LOAN TYPE: Refinance
LOAN TERMS: Berkadia secured a senior lender and preferred equity provider for the $51.5.5 million refinancing. Freddie Mac provided the $42.54.54 million, five-year, fixed-rate loan with two years of interest-only with open prepay in year three. The preferred equity provider, RCG Longview, contributed $8.96.96 million in equity to the deal.View on map
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Address5201 North Dixie Highway
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