Lockhart Management Group Secures $21.15M Refinance Loan From Ladder Capital For Clermont Multifamily
FINANCED
Florida
See Similar DealsMultiFamily
Financed 04/20/2026
FINANCED
Lockhart Management Group Secures $21.15M Refinance Loan From Ladder Capital For Clermont Multifamily
975 Pitt Street
See Similar DealsMultiFamily
Financed 04/20/2026
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:
- 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.
Players
LENDER
Details
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Deal Type
30 years
10 years
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
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