Ryan Whitaker Of NorthMarq Secures $6.3 Million Refinance For Vero Beach Kamp In Sebastian

The asset involved in the transaction is a resort located at 8850 Us Route 1 in Sebastian, Florida. The property is a 161-site RV community known as Vero Beach Kamp. The refinance loan secured for this property amounts to $6,300,000 and is categorized under the asset type of a resort.

Summary of transaction details:

• Property Type: Resort
• Transaction Amount: $6,300,000
• Loan Type: Refinance
• Market: Sebastian
• Broker: Ryan Whitaker - NorthMarq

Ryan Whitaker from NorthMarq represented the borrower in securing the refinance. The loan features a full-term interest-only payment schedule, which is designed to maximize the cash flow for the borrower and provide optimal amortization and pricing.