Waypoint Residential Secures $215.8M Refinance For Multifamily Portfolio With Benefit Street Partners

The asset involved in this transaction is a multifamily portfolio consisting of five newly built luxury garden-style communities located in Vero Beach, Port St. Lucie, Palm Bay, Davenport, and Gainesville, Florida. The portfolio includes a total of 1,274 units and has secured a refinance loan amounting to $215,800,000 from Benefit Street Partners.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $215,800,000
• Lender: Benefit Street Partners
• Landlord: Scott Lawlor - Waypoint Residential
• Brokers: Matthew Williams, Rob Wright, James Maynard & Kyle Schlitt - Newmark
• Market: Vero Beach, Port St. Lucie, Palm Bay, Davenport & Gainesville
• Units: 1,274
• Loan Type: Refinance

This refinancing deal was arranged by Newmark, involving a collaboration of brokers including Matthew Williams, Rob Wright, James Maynard, and Kyle Schlitt. The partnership aimed to enhance the financing structure for Waypoint Residential's extensive multifamily holdings across multiple markets in Florida.