GMF Group Secures $65 Million Refinance Loan From Citigroup For 17 Property Portfolio In Florida
$65,000,000
Building Size
—
Asset Type
Package Deal
Closing
Dec 13, 2024
AI
Package Deal comprising a 17 Property Portfolio located in Florida. This transaction involves a loan amount of $65,000,000 with a refinance loan type.
Summary of transaction details:
- Property Type: Package Deal (17 Property Portfolio)
- Transaction Amount: $65,000,000
- Lender: Adam Lasman & James Goldberg - Citigroup
- Landlord: Gabe Monfried & Matt Forssman - GMF Group
- Broker Representatives: Kenneth Ziebelman, Adam Licari, Drew Ahlers & Makena Stimmler - Eastdil Secured
The transaction showcases the collaboration between key individuals such as the lender representatives Adam Lasman and James Goldberg from Citigroup, and the landlords Gabe Monfried and Matt Forssman from GMF Group, highlighting their roles in facilitating this refinance loan deal. The broker representatives, including Kenneth Ziebelman, Adam Licari, Drew Ahlers, and Makena Stimmler from Eastdil Secured, provided their expertise in this sizable portfolio transaction.
Players
Lake Placid Package Deal Market Snapshot
Boundary boundary · Package Deal · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93