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JSB Capital Secures $42.55 Million Refinance Loan From Freddie Mac For Panama City Multifamily Asset

Property Image
FINANCED
$42,550,000
Mitch Sinberg
Matthew (Matt) Robbins
+ 3

Florida

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MultiFamily
Financed 02/05/2026
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Property Image
FINANCED

JSB Capital Secures $42.55 Million Refinance Loan From Freddie Mac For Panama City Multifamily Asset

2200 Thomas Dr

See Similar Deals
MultiFamily
Financed 02/05/2026
Mitch Sinberg
Matthew (Matt) Robbins
+ 3
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

The property involved in this transaction is a multifamily asset located at 2200 Thomas Drive in Panama City, featuring 232 units. The deal entailed a refinance operation with a loan amount of $42,550,000, provided by Freddie Mac on favorable terms for a duration of 5 years.

Summary of transaction details:

This transaction was notably marked by Berkadia's involvement in originating a Freddie Mac-backed loan of $29,024,000 and additionally providing $13,526,000 in preferred equity, culminating in the total loan amount of $42,550,000.

Players

Brad Williamson
107 deals$6.8B volume(786) 646-2580
BROKER

Mitch Sinberg
Berkadia
131 deals$8.3B volume(561) 609-4006
BROKER

Matthew (Matt) Robbins
Berkadia
113 deals$6.8B volume
BROKER

Scott Wadler
Berkadia
160 deals$9.8B volume
BROKER

Freddie Mac
LENDER


6 deals$330.9M volume
LANDLORD

Details

FINANCED
IMAGE: & EQUITY IMAGE: Brad Williamson, Mitch Sinberg, Matthew Robbins & Scott Wadler DATE: 02/05/2026 ADDRESS: 2200 Thomas Drive MARKET: Panama City ASSET TYPE: Multifamily ~ UNITS: 232 LENDER: Freddie Mac (@FreddieMacCorp) LANDLORD: JSB Capital BROKERS: Mitch Sinberg (@MitchSinberg), Scott Wadler (@SWadler1), Brad Williamson & Matthew Robbins - Berkadia (@Berkadia) LOAN AMOUNT: $42,550,000 LOAN TYPE: Refinance LOAN TERMS: 5 years NOTE: Berkadia originated the $29,024,000 Freddie Mac-Backed loan and provided $13,526,000 in preferred equity for a combined $42,550,000.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$42,550,000.00

Monthly NOI$283,666.67
Monthly Debt Service$268,944.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00