FINANCED
3650 REIT Provides $103.25M Loan For Southern Residential Portfolio Acquisition
Meridian Capital Group brokers Southern Residential Portfolio deal for $103,250,000
MultiFamily
3,700,000 SF
3,700,000 SF
Financed 353 days ago
Summary
Loan
NATIONAL
MultiFamily
3,700,000 sqft
The Southern Residential Portfolio, a multifamily property located in South Carolina, Louisiana, Tennessee, and Georgia, was recently involved in a loan transaction. The loan, valued at $103,250,000, was provided by 3650 REIT for the purpose of recapitalization. The portfolio consists of approximately 3,700,000 square feet of space.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $103,250,000
- Address: Southern Residential Portfolio
- Market: South Carolina, Louisiana, Tennessee, Georgia
Eddie Haber and Drew Anderman from Meridian Capital Group represented the landlord, which consists of DWREI, Onyx Partners, and Carlton Associates, in the loan deal. Notably, the new investment by 3650 REIT is subordinate to existing Fannie Mae senior mortgage loans, as mentioned in the broker's note.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Drew Anderman & Eddie Haber
DATE: 05/17/2023
ADDRESS: Southern Residential Portfolio
MARKET: South Carolina, Louisiana, Tennessee, Georgia
ASSET TYPE: Multifamily ~ SF: 3,700,000
LENDER: 3650 REIT
LANDLORD: DWREI, Onyx Partners & Carlton Associates
BROKERS: Eddie Haber & Drew Anderman - Meridian Capital Group (@Meridian.Capital.Group)
LOAN AMOUNT: $103,250,000
LOAN TYPE: Recapitalization
NOTE FROM BROKER: The new investment by 3650 REIT is subordinate to existing Fannie Mae senior mortgage loans.View on map
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AddressMeridian Capital Group brokers Southern Residential Portfolio deal for $103,250,000
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