Michael Loboda And Yaakov Loboda Secure $29.4 Million Loan For Eau Claire Multifamily Acquisition

The asset involved in this transaction is a multi-family property located at 6395 Prairie Circle South in Eau Claire, WI, comprising a total of 219 units. The loan amount secured for this acquisition is $29,400,000 with a loan type specified as acquisition and terms set for a duration of 10 years.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $29,400,000
• Loan Type: Acquisition
• Loan Terms: 10 Years
• Address: 6395 Prairie Circle South
• Market: Eau Claire, WI
• Lender: CBRE & Freddie Mac
• Borrower: Michael Loboda & Yaakov Loboda
• Broker Representatives: Judah Hammer, Shlomo Weissberg, Shamir Seidman & Joel Torborg - CBRE

Key individuals involved in this transaction include borrowers Michael Loboda and Yaakov Loboda, who secured the financing. The brokers, Judah Hammer, Shlomo Weissberg, Shamir Seidman, and Joel Torborg from CBRE, played a crucial role in facilitating this deal by overcoming interest rate volatility and tailoring the financing strategy to meet the clients' objectives. Note from the broker highlights the expertise of CBRE Private Client Group in structuring aggressive loan solutions nationwide, proving instrumental in closing the deal successfully.