Berkadia Secures $35.2 Million Refinance Loan For 394-Unit Multifamily Asset In Lake Orion

The asset involved in the transaction is situated at 3001 Lake Village Boulevard in Lake Orion, MI. This multifamily property consists of 394 units and is part of the Lake Orion market. The loan amount secured for this property is $35,200,000, with a refinance loan type structured on a 10-year fixed-rate term.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $35,200,000
• Loan Type: Refinance
• Loan Terms: 10-year, fixed-rate
• Lender: Berkadia/Freddie Mac
• Brokers: Wesley Moczul, Mitch Sinberg, Brad Williamson, Scott Wadler & Matthew Robbins - Berkadia

The transaction showcases a collective effort by a team of brokers from Berkadia. The brokers involved in this case are Wesley Moczul, Mitch Sinberg, Brad Williamson, Scott Wadler, and Matthew Robbins, highlighting a coordinated approach to the refinancing process for this multifamily asset.