The property asset involved in the transaction is located at 550 Lee Drive in Baton Rouge. This multifamily asset comprises 268 units and has a total square footage of 206,500. The loan amount secured for this transaction is $17,500,000, dedicated to refinance under a CMBS loan type with a term of 5 years and a full term interest-only structure, along with a 6-month PPP window.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,500,000
• Units: 268
• Square Footage: 206,500
• Address: 550 Lee Drive
• Market: Baton Rouge
• Loan Type: Refinance
• Loan Terms: CMBS 5 Years, Full Term IO, 6 Month PPP Window
• Brokers: Jake Gluck & Michael Helmreich - Fortune Capital Group

The key individuals involved in this transaction are Jake Gluck and Michael Helmreich, who represent Fortune Capital Group as brokers. They played a crucial role in facilitating the refinance process for the property at 550 Lee Drive. For financing needs, Jake Gluck can be contacted at 973-713-6673 or via email at [email protected].