JSB Capital Secures $42.55 Million Refinance Loan From Freddie Mac For Panama City Multifamily Asset
Florida
See Similar DealsJSB Capital Secures $42.55 Million Refinance Loan From Freddie Mac For Panama City Multifamily Asset
2200 Thomas Dr
See Similar DealsSummary
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.
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