Berkadia/Freddie Mac Provides $74M Loan For Multifamily Property In Orlando

The property involved in this transaction is a multifamily asset located at 990 Warehouse Road in Orlando. The loan amount for this transaction is $74,000,000. The loan was originated by berkadia''>berkadia'>Berkadia and purchased by Freddie Mac. It is a 10-year, floating-rate loan with partial interest only and a 75 percent loan-to-value ratio (LTV).

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $74,000,000
• Lender: Berkadia/Freddie Mac
• Landlord: Harbor Group International
• Brokers: Charles Foschini, Christopher Apone – [Agency Name]

Charles Foschini and Christopher Apone from [Agency Name] represented the parties involved in this transaction as brokers. They played a crucial role in facilitating the deal between the borrower and lender. The property's location in Orlando and its multifamily nature contribute to its attractiveness in the market. The loan terms, including a floating rate and partial interest only, add flexibility and financial advantage to the borrower. The 75 percent LTV indicates a solid level of investment in the property.