GSH Real Estate Secures $59 Million Refinance Loan From Freddie Mac For Multifamily Asset In Altamonte Springs

The property involved in this transaction is located at 895 Wymore Road in Altamonte Springs, comprising a multifamily asset with 324 units. The financing secured involves a loan amount of $59,000,000 for refinancing purposes, with a debt term of 5 years, an all-in rate of 5.33%, and full term interest-only payments. Additionally, there is a $17 million cash infusion of hybrid preferred/JV equity.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $59,000,000
• Loan Type: Refinance
• Loan Terms: 5yr Term | 5.33% All-in Rate | Full Term IO
• Equity: $17MM Cash Infusion of Hybrid Pref/JV Equity
• Lender: Freddie Mac
• Landlord: GSH Real Estate
• Brokers: Ricky Warner, Henry Stimler, Anthony Orso & Clifford Welden - Newmark

The deal involved key individuals and companies, including Freddie Mac as the lender and GSH Real Estate as the landlord. The brokerage team representing the transaction comprises Ricky Warner, Henry Stimler, Anthony Orso, and Clifford Welden from Newmark, who played a crucial role in facilitating the refinance of the property.