Archer Acquisitions And Ezzi Property Group Secure $13.1 Million Loan For Multifamily Purchase In Acton

The property involved in the transaction is a multifamily asset located at 2 Iris Court in Acton, MA. It features a total of 68 units. The loan amount secured for this acquisition is $13,100,000 facilitated by Fannie Mae, marking a significant financial commitment for the purchase of this apartment community.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,100,000
• Lender: Fannie Mae
• Landlord: Benjamin Simon - Archer Acquisitions, Marc Abou-Ezzi - Ezzi Property Group
• Brokers: Jeffrey Munoz, Kevin Sykes - NorthMarq
• Loan Type: Acquisition
• Units: 68
• Market: Acton, MA

This transaction involves key individuals including Benjamin Simon and Marc Abou-Ezzi, representing their respective companies Archer Acquisitions and Ezzi Property Group. The brokerage representation was provided by Jeffrey Munoz and Kevin Sykes from NorthMarq, who arranged the $13.1 million financing, facilitating the borrowers' first agency deal with expectations for more future transactions based on favorable loan terms.