Kinsley Properties LLC Secures $6M Loan For 56-Unit Multifamily Acquisition In Lakeland

915 Ariana Street is a multifamily property located in Lakeland, Florida, comprising 56 units. The acquisition financing secured for this asset amounts to $6,000,000, arranged with a 10-year term and five years of interest-only payments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,000,000
• Loan Type: Acquisition
• Loan Terms: 10-year term, with five years of interest-only
• Landlord: Kinsley Properties LLC
• Broker: Eric Fixler - Northmarq

Eric Fixler, representing Northmarq’s West Palm Beach Debt + Equity team, facilitated the acquisition financing for Kinsley Properties LLC through Northmarq’s Fannie Mae DUS platform, demonstrating the firm's capability in securing extensive debt solutions in the multifamily sector.