Advenir Refinances Multifamily Property In Pembroke Pines With $58.7M Loan From Freddie Mac

Advenir at San Tropez, located at 7840 NW 3 St in Pembroke Pines, was recently involved in a multifamily property transaction. Advenir, the landlord of the property, refinanced the asset with the assistance of Charles Foschini and Christopher Apone from Berkadia Miami. The loan was provided by Freddie Mac.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $58,680,000
• Loan Type: Refinance
• Loan Terms: Fixed rate, 7-year loan with partial interest only and a 70% LTV

Charles Foschini and Christopher Apone from Berkadia Miami represented Advenir as brokers in this deal. The loan amount of $58,680,000 was secured from Freddie Mac, allowing Advenir to refinance the property at Advenir at San Tropez.