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

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FINANCED
$37,418,000
Mitch Sinberg
Matthew (Matt) Robbins
+ 2

Mississippi

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MultiFamily
Financed 06/05/2025
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FINANCED

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

5880 Ridgewood Road

See Similar Deals
MultiFamily
Financed 06/05/2025
Mitch Sinberg
Matthew (Matt) Robbins
+ 2
Contact now

Summary

MISSISSIPPI
Asset Type:MultiFamily
Transaction Type:Loan

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:

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.

Players

Brad Williamson
107 deals$6.8B volume(786) 646-2580
BROKER

Mitch Sinberg
Berkadia
131 deals$8.3B volume(561) 609-4006
BROKER

Matthew (Matt) Robbins
Berkadia
113 deals$6.8B volume
BROKER

Scott Wadler
Berkadia
160 deals$9.8B volume
BROKER

Kyle Ryan
Berkadia
10 deals$275.2M volume
BROKER

Berkadia
LENDER

Details

FINANCED
IMAGE: Mitch Sinberg, Brad Williamson, Scott Wadler, Kyle Ryan & Matthew Robbins, DATE: 6/5/2025 ADDRESS: 5880 Ridgewood Road MARKET: Jackson ASSET TYPE: Multifamily ~ UNITS: 432 LENDER: Berkadia via Freddie Mac LANDLORD: Blue Magma Residential BROKERS: Brad Williamson, Kyle Ryan, Matthew Robbins, Mitch Sinberg (@MitchSinberg) & Scott Wadler (@SWadler1) - Berkadia (@Berkadia) LOAN AMOUNT: $37,418,000 LOAN TYPE: Refinance LOAN TERMS: Five year, two years interest-only.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$37,418,000.00

Monthly NOI$249,453.33
Monthly Debt Service$236,507.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00