Harrison Drucker And Dan Sacks Of Greystone Refinance Multifamily Asset In Melbourne For $80M
FINANCED
$80,000,000
Florida
See Similar DealsMultiFamily400,000 SF
Financed 05/15/2025
FINANCED
Harrison Drucker And Dan Sacks Of Greystone Refinance Multifamily Asset In Melbourne For $80M
MultiFamily400,000 SF
Financed 05/15/2025
Summary
Asset Type:MultiFamily
Price Per Square Foot:$200
Total Square Footage:400,000 SF
Transaction Type:Loan
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$80,000,000.00
Monthly NOI$533,333.33
Monthly Debt Service$505,654.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions