Harrison Drucker And Dan Sacks Of Greystone Refinance Multifamily Asset In Melbourne For $80M

The asset involved in the transaction is a MultiFamily property located in Melbourne, FL, with a total square footage of 400,000. The loan amount secured for this transaction is $80,000,000, structured as a refinance. The transaction terms include recapitalization via a Fresh Ground Lease and a Bridge Loan.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $80,000,000
• Loan Type: Refinance
• Loan Terms: Recapitalization via Fresh Ground Lease + Bridge Loan
• Brokers: Harrison Drucker & Dan Sacks - Greystone

Key individuals involved in this transaction include Harrison Drucker and Dan Sacks, both of whom represent Greystone in facilitating the deal. Their expertise contributed to executing the complex loan structure required for this MultiFamily property in the Melbourne market.