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7001 Northwest 16th Street

Fannie Mae Provides $59.8M Refinance Loan For Multifamily Asset In Plantation
FINANCEDMultiFamily

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:

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

Brian Walton

Lument

Broker

$73.4M

vol

4 deals

Broker
Lument
LumentBrokerage
Fannie Mae
Fannie MaeLender

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