Berkadia Provides $41.3M Recapitalization Loan For Multifamily Property In Daytona Beach

The multifamily property located at 600 Jimmy Ann Dr in Daytona Beach has been involved in a recent transaction. The property spans across 22 acres and consists of 384 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $41,250,000
• Lender: berkadia''>Berkadia
• Landlord: Lloyd Jones Capital
• Brokers: Janet Crucet & Kristine Flook from Urbanize Properties

Janet Crucet and Kristine Flook from Urbanize Properties represented the buyer and seller in this recapitalization deal. The loan terms include a recapitalization of the property, with a loan amount of $41,250,000. The transaction involved a total of 22 acres and 384 units.