Acres Capital Corp Provides $83.7M Construction Loan For Multifamily Project On East Church St

The closed transaction involved a multifamily property located at 605 East Church Street in Frederick, Md. The property was acquired by Goldstar Group, represented by Michael Brodsky, who acted as the landlord. The financing for the transaction was provided by Acres Capital Corp, with Drew Miller serving as the lender. The loan amount for the construction project was $83,700,000.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $83,700,000
• Lender: Acres Capital Corp - Drew Miller
• Landlord: Goldstar Group - Michael Brodsky
• Address: 605 East Church Street, Frederick, Md

Jamie Butler, from Walker & Dunlop, represented the broker in the deal. Butler played a crucial role in facilitating the transaction, ensuring a smooth process for all parties involved.