Fannie Mae Provides $59.8M Refinance Loan For Multifamily Asset In Plantation
$59,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 30, 2025
AI
The transaction involves a multifamily asset located in Plantation, with a refinance loan amounting to $59,800,000. The loan type is structured as a Fannie Mae Multifamily loan, with a final interest rate of 4.91% following a buydown.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $59,800,000
- Lender: Fannie Mae
- Loan Type: Refinance
- Brokers: Mark Vinitsky, Ralph Wurzburger & Brian Walton - Lument
This transaction was facilitated by Lument, with brokers Mark Vinitsky, Ralph Wurzburger, and Brian Walton actively involved in the refinance closing for a repeat client.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93