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

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:

• Property Type: Multifamily
• Transaction Amount: $42,550,000
• Lender: Freddie Mac
• Landlord: JSB Capital
• Loan Type: Refinance
• Loan Terms: 5 years
• Brokers: Mitch Sinberg, Scott Wadler, Brad Williamson & Matthew Robbins - Berkadia

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.