CaraCo Group Of Companies Secures $45.8M Refinance Loan For Arcadia Multifamily In Tamarac

The asset involved in this transaction is a multifamily apartment community consisting of 212 units located at 8601 West Mcnab Road in Tamarac, Florida. The community is part of a refinance deal that secured significant financing for operational needs.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $45,800,000
• Lender: Josh Hoffman & Jeremy Packer - Dwight Capital
• Landlord: Gennaro DiSanto - CaraCo Group of Companies
• Loan Type: Refinance
• Market: Tamarac
• Asset Units: 212

This refinancing deal involves the CaraCo Group of Companies, led by Gennaro DiSanto, working alongside lenders Josh Hoffman and Jeremy Packer from Dwight Capital. The partnership has facilitated financing that is intended to retire existing debt and allocate resources for capital reserves, which highlights the increased activity of Dwight Capital in the South Florida multifamily sector.