Lockhart Management Group Secures $21.15M Refinance Loan From Ladder Capital For Clermont Multifamily

The asset involved in this transaction is a multifamily property located at 975 Pitt Street in Clermont. The loan amount secured for this refinancing transaction is $21,150,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $21,150,000
• Lender: Adam Siper & Justin Desiderio - Ladder Capital
• Landlord: Lockhart Management Group
• Landlord's Rep: Daniel Eidson & Ben Applebaum - Concord Summit Capital
• Loan Type: Refinance

This transaction involves key representatives in the deal with Adam Siper and Justin Desiderio acting as lenders. The landlord, Lockhart Management Group, is represented by Daniel Eidson and Ben Applebaum, both from Concord Summit Capital, who have facilitated the refinancing process.