Goldstar Group Secures $81M Fannie Mae Refinancing Loan For 350-Unit Multifamily Property In Frederick Md

The asset involved in this transaction is a multifamily property located at 400 7th Street in Frederick, MD, featuring a total of 350 units. The loan amount secured for this property is $81,000,000, which is intended to refinance an existing construction loan of $84,000,000 established in 2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $81,000,000
• Market: Frederick, MD
• Lender: Fannie Mae
• Landlord: Michael Brodsky - Goldstar Group
• Brokers: John Westby-Gibson, Drake Blodget & Adam Randall - Newmark
• Units: 350

The transaction highlights the key individuals and entities involved in securing the refinancing for this multifamily property. Michael Brodsky of Goldstar Group serves as the landlord, while Newmark representatives John Westby-Gibson, Drake Blodget, and Adam Randall played pivotal roles as brokers in this deal.