Peter Jago, Chip Abele, Bernard Hsiao, And Michael Hsiao Secure $55.22M Loan For Multifamily Asset In Pompano Beach

The property asset involved in the transaction is a multifamily unit located at 450 East Atlantic Boulevard in Pompano Beach. This complex consists of 214 units, offering a total of 216,954 square feet and has secured a loan amount of $55,219,985 for repositioning purposes.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $55,219,985
• Address: 450 East Atlantic Boulevard
• Market: Pompano Beach
• Units: 214
• Square Footage: 216,954
• Lender: Benjamin Jacboson, Ty Regnier & Scott Mehlman - Forman Capital
• Borrower: Peter Jago, Chip Abele, Bernard Hsiao, Michael Hsiao
• Broker: Jay Miller - BayBridge Real Estate Capital

The key individuals involved in the transaction include Peter Jago, Chip Abele, Bernard Hsiao, and Michael Hsiao as the borrowers. The lending team comprising Benjamin Jacboson, Ty Regnier, and Scott Mehlman represents Forman Capital in the deal, while Jay Miller is the broker from BayBridge Real Estate Capital facilitating this transaction.