Blue Magma Residential Secures $37.4 Million Refinance From Berkadia For 432-Unit Multifamily Asset

The property asset involved in this transaction is a multifamily unit comprising 432 units located at 5880 Ridgewood Road in the Jackson market. The transaction culminated in a refinance loan amounting to $37,418,000, under a five-year loan term, which includes two years of interest-only payments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $37,418,000
• Loan Type: Refinance
• Loan Terms: Five years, two years interest-only
• Lender: Berkadia via Freddie Mac
• Landlord: Blue Magma Residential
• Brokers: Brad Williamson, Kyle Ryan, Matthew Robbins, Mitch Sinberg & Scott Wadler - Berkadia
• Address: 5880 Ridgewood Road
• Units: 432

Key individuals involved in the deal include Brad Williamson, Kyle Ryan, Matthew Robbins, Mitch Sinberg, and Scott Wadler, all of whom are affiliated with Berkadia, representing various aspects of the negotiation and transaction process.