Newmark Arranges $67.5 Million Fannie Mae Loan For Sentinel Real Estate's Rockwell At Crown

The asset involved in this transaction is a 335-unit multifamily community located at 800 Rockwell Avenue, Gaithersburg, MD. The loan amount for this refinancing transaction is $67,500,000, provided by Fannie Mae. The property was completed in 2022 and includes a range of one- to three-bedroom units, along with various amenities such as a pool, fitness center, coworking spaces, and EV charging stations.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $67,500,000
• Lender: Fannie Mae
• Landlord: Sentinel Real Estate
• Brokers: Jim Badolato, Rob Cantizano, Greg Primiano, Deric Obeldobel, Deric Obeldobel & Elias Sulpizio - Newmark
• Loan Type: Refinance

Newmark arranged the refinancing deal on behalf of Sentinel Real Estate, facilitating the $67.5 million Fannie Mae loan for Rockwell at Crown. This transaction highlights the involvement of multiple brokers, ensuring a comprehensive representation throughout the process.