Freddie Mac Provides $49 Million Permanent Loan For 212-Unit Multifamily Asset In Delray Beach

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.