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GMF Group Secures $65 Million Refinance Loan From Citigroup For 17 Property Portfolio In Florida

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FINANCED
$65,000,000
Kenneth "Ken" Ziebelman
Drew Ahlers
+ 1

Florida

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FINANCED

GMF Group Secures $65 Million Refinance Loan From Citigroup For 17 Property Portfolio In Florida

Package Deal
Financed
Kenneth "Ken" Ziebelman
Drew Ahlers
+ 1
Contact now

Summary

FLORIDA
Asset Type:Package Deal
Transaction Type:Loan

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:

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

Drew Ahlers
16 deals$8.1B volume
BROKER

Kenneth "Ken" Ziebelman
Eastdil Secured
5 deals$2B volume
BROKER

Adam Licari
Eastdil Secured
16 deals$3.4B volume
BROKER

Makena Stimmler
Eastdil Secured
1 deal$65M volume
BROKER

Details

FINANCED
IMAGE: James Goldberg, Adam Lasman, Matt Forssman, Kenneth Ziebelman, Gabe Monfried, Adam Licari & Drew Ahlers DATE: 12/13/2024 MARKET: Florida ASSET TYPE: Package Deal (17 Property Portfolio) LENDER: Adam Lasman & James Goldberg - Citigroup (@Citi) LANDLORD: Gabe Monfried & Matt Forssman - GMF Group BROKERS: Kenneth Ziebelman, Adam Licari, Drew Ahlers & Makena Stimmler - Eastdil Secured (@EastdilSecured) LOAN AMOUNT: $65,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$65,000,000.00

Monthly NOI$433,333.33
Monthly Debt Service$410,844.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00