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

Property Image
FINANCED
$21,150,000
Ben Applebaum
Justin Desiderio
+ 1

Florida

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MultiFamily
Financed 04/20/2026
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Property Image
FINANCED

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

975 Pitt Street

See Similar Deals
MultiFamily
Financed 04/20/2026
Ben Applebaum
Justin Desiderio
+ 1
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

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:

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.

Players

Daniel Eidson
9 deals$345.1M volume(720) 628-6847
BROKER

Ben Applebaum
Concord Summit Capital
6 deals$911.9M volume
BROKER

Ladder Capital
LENDER

Justin Desiderio
Ladder Capital
2 deals$289.2M volume
ORIGINATOR

Adam Siper
Ladder Capital
5 deals$408.7M volume(917) 415-7526
ORIGINATOR

Details

FINANCED
IMAGE: Adam Siper, Justin Desiderio, Daniel Eidson & Ben Applebaum DATE: 04/20/2026 ADDRESS: 975 Pitt Street - Mason’s Ridge MARKET: Clermont ASSET TYPE: Multifamily LENDER: Adam Siper & Justin Desiderio - Ladder Capital LANDLORD: Lockhart Management Group LANDLORD'S REP: Daniel Eidson & Ben Applebaum - Concord Summit Capital (@ConcordSummitCapital) LOAN AMOUNT: $21,150,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$21,150,000.00

Monthly NOI$141,000.00
Monthly Debt Service$133,682.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00