Updated Oct 15, 2026
Rental Asset Management Secures $26.45 Million Refinance Loan From Berkadia For Portfolio In New Port Richey & Miami Springs
4331 Fiji Drive & 401 Crescent Drive
$26,448,000
Building Size
—
Asset Type
Package Deal
Closing
Sep 30, 2026
About this deal
AI
The transaction involves a package deal consisting of properties located at 4331 Fiji Drive in New Port Richey and 401 Crescent Drive in Miami Springs. The loan amount for this refinance is $26,448,000, facilitating the acquisition of these rental assets.
Summary of transation details:
- Property Type: Package Deal / Portfolio
- Transaction Amount: $26,448,000
- Lender: Berkadia
- Borrower: Rental Asset Management
- Landlord's Representatives: Matthew Robbins, Mitch Sinberg, Brad Williamson, Scott Wadler, and Hugo Hernandez - Berkadia
This deal brings together key individuals from Berkadia, who represent the landlord in this transaction, showcasing their extensive expertise in managing and financing rental assets as part of the deal structure.
On the Map
$26,448,000
Package Deal
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New Port Richey Package Deal Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93