Berkshire Residential Investments Secures $135M Acquisition Loan For Jupiter Multifamily

The multifamily property located at 803 Promenade Way & 803 University Boulevard in Jupiter has been involved in a loan transaction. The property consists of 390 units and is owned by Berkshire Residential Investments.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $135,000,000
• Lender: Mesa West Capital - Russell Frahm
• Lender's Representative: Mark Osher, Eric Steiglitz & Zak Baron - Gibson, Dunn & Crutcher ; Matt Williams & James Maynard - Newmark
• Landlord: Berkshire Residential Investments
• Landlord's Representative: Cara Nelson & Oriana Montani - DLA Piper
• Loan Type: Acquisition Loan

The loan amount for this transaction is $135,000,000. The lender, Mesa West Capital, is represented by Russell Frahm. The landlord, Berkshire Residential Investments, is represented by Cara Nelson and Oriana Montani from DLA Piper. Mark Osher, Eric Steiglitz, and Zak Baron from Gibson, Dunn & Crutcher, as well as Matt Williams and James Maynard from Newmark, are also involved in representing the lender in this deal.