Newmark Facilitates $58.1M Acquisition Loan For Midwest Multifamily Property | Newmark Facilitates $58.1M Acquisition Loan For Midwest Multifamily Property | Fannie Mae | Henry Stimler, William (Bill) Weber, Ricky Warner, Nick Webb, George Skaff | MultiFamily | Loan

Summary

Loan

OHIO

MultiFamily

The recent transaction in the Midwest market involved a multifamily property. The property, which was acquired, went through a loan process facilitated by Fannie Mae. The loan amount for this acquisition was $58,100,000. The terms of the loan included a 5-year term with a Fannie Mae Execution, a spread of 175, full-term interest-only payments, and a loan-to-value ratio of 65%.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $58,100,000

Ricky Warner, Henry Stimler, William Weber, and Nick Webb from Newmark served as the loan brokers for this transaction, representing the buyer in securing the loan from Fannie Mae. Additionally, George Skaff, also from Newmark, acted as the sale broker for the deal, facilitating the acquisition of the multifamily property.

Players

All
7

Agents
5
Agencies
1
Lenders
1

Henry Stimler

Executive Managing Director

$1B Sold

William (Bill) Weber

Executive Managing Director

$2.4B Sold

Details

Deal Summary

FINANCED

IMAGE: Ricky Warner, Henry Stimler, George Skaff & William Weber DATE: 12/14/2023 MARKET: Midwest ASSET TYPE: Multifamily LENDER: Fannie Mae (@OfficialFannieMae) LOAN BROKERS: Ricky Warner (@RickyWarner1), Henry Stimler (@HenryStimler), William Weber & Nick Webb - Newmark (@Newmark) SALE BROKER: George Skaff (@GSkaff02) - Newmark LOAN AMOUNT: $58,100,000 LOAN TYPE: Acquisition LOAN TERMS: Fannie Mae Execution | 5yr Term | 175 Spread | Full Term IO | 65% LTV

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AddressNewmark Facilitates $58.1M Acquisition Loan For Midwest Multifamily Property

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