Freddie Mac Provides $49 Million Permanent Loan For 212-Unit Multifamily Asset In Delray Beach
Florida
See Similar DealsFreddie Mac Provides $49 Million Permanent Loan For 212-Unit Multifamily Asset In Delray Beach
7607 West Atlantic Avenue
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The property asset involved in the transaction is a multifamily unit consisting of 212 units located at 7607 West Atlantic Avenue in the Delray Beach market. The loan amount for the transaction was $49,000,000, facilitated through a permanent loan type with a 10-year term. This financing arrangement featured a full-term, fixed-rate, interest-only loan structure.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $49,000,000
- Lender: Freddie Mac
- Landlord: Ansca
- Brokers: Charles Foschini, Christopher Apone, Shannon Wilson & Lourdes Carranza-Alvarez - Berkadia
- Loan Terms: 10-year, full-term, fixed-rate, interest-only loan
The deal's key individuals and companies included the lenders and brokers facilitating the transaction. The brokers, Charles Foschini, Christopher Apone, Shannon Wilson, and Lourdes Carranza-Alvarez, represented the transaction under Berkadia, indicating their involvement in securing financing and managing the deal for the landlord, Ansca.
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