Hillpointe Secures $37.17M Refinance Loan From Berkadia For 276-Unit Multifamily In Macon

The property asset involved in the transaction is a multifamily building located at 5530 Riverside Drive in the Macon market, comprising 276 units. The transaction was a refinance, with a loan amount of $37,170,000 secured through Berkadia via Freddie Mac. The loan features a seven-year term with a floating interest rate, an initial three-year interest-only period, and a 35-year amortization schedule.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $37,170,000
• Lender: Berkadia via Freddie Mac
• Landlord: Hillpointe
• Loan Type: Refinance
• Loan Terms: Seven-year floating-rate loan with a three-year interest-only period and 35-year amortization
• Brokers: Wesley Moczul, Mitch Sinberg, Brad Williamson, Scott Wadler, and Matt Robbins - Berkadia

Key individuals involved in the transaction include Wesley Moczul, Mitch Sinberg, Brad Williamson, Scott Wadler, and Matt Robbins, all of whom are representatives from Berkadia. Their roles were crucial in facilitating the refinancing process for the landlord, Hillpointe, ensuring the details of the loan and property were managed effectively throughout the transaction.