Jeffrey L. Goldberg Of The Milestone Group Acquires Casa Brera Multifamily In Lake Worth For $46.35M

The property asset involved in the transaction is a multifamily complex situated on 12.2 acres at 4725 Via Bari, Lake Worth. The apartment complex, known as Casa Brera at Toscana Isles, consists of 206 units, and was sold for $46,350,000, resulting in a price per unit of $225,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $46,350,000
• Buyer: Jeffrey L. Goldberg - The Milestone Group
• Seller: Joseph Raia - Raia Capital Management
• Lender: Wells Fargo & Fannie Mae
• Units: 206
• PPU: $225,000
• Loan Amount: $27.4M Fannie Mae loan at 3.93%
• Loan Maturity: 2030
• Additional Financing: $7.69M in new Wells Fargo debt

The key stakeholders in this transaction include Jeffrey L. Goldberg, representing The Milestone Group, who acquired the property, and Joseph Raia, representing Raia Capital Management, who sold the asset. The financing structure integrated assumptions of existing loans along with new debt issued by Wells Fargo.