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

Property Image
FINANCED
$49,000,000
Charles Foschini
Shannon Wilson
+ 1

Florida

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MultiFamily
Financed 05/04/2026
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Property Image
FINANCED

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

7607 West Atlantic Avenue

See Similar Deals
MultiFamily
Financed 05/04/2026
Charles Foschini
Shannon Wilson
+ 1
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

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:

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.

Players

Charles Foschini
57 deals$3.1B volume(305) 267-6608
BROKER

Christopher (Chris) Apone
Berkadia
49 deals$2.4B volume
BROKER

Shannon Wilson
Berkadia
19 deals$825.9M volume
BROKER

Lourdes Carranza-Alvarez
Berkadia
10 deals$477.4M volume
BROKER

Freddie Mac
LENDER

Details

FINANCED
IMAGE: Shannon Wilson, Charles Foschini, Christopher Apone & Lourdes Carranza-Alvarez DATE: 05/04/2026 ADDRESS: 7607 West Atlantic Avenue MARKET: Delray Beach ASSET TYPE: Multifamily ~ UNITS: 212 LENDER: Freddie Mac (@FreddieMacCorp) LANDLORD: Ansca BROKERS: Charles Foschini (@Gladesman1), Christopher Apone, Shannon Wilson & Lourdes Carranza-Alvarez - Berkadia (@Berkadia) LOAN AMOUNT: $49,000,000 LOAN TYPE: Permanent LOAN TERMS: 10-year, full-term, fixed-rate, interest-only loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$49,000,000.00

Monthly NOI$326,666.67
Monthly Debt Service$309,713.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00