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Beachwold Residential Refinances Riverview Multifamily Property With $53.77M Loan

10220 Summer Palm Drive
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This MultiFamily property located in FL received a loan of $53,770,000 over 2 years ago. The brokers of the deal were Karim Khaiboullin, Kenny Cutler, Elliott Throne, and Mona Carlton

Located in Riverview, the multifamily property at 10220 Summer Palm Drive has recently undergone a refinancing transaction. The property consists of 340 units, making it a substantial investment opportunity for the landlord, Beachwold Residential, LLC. The loan for this transaction was provided by Freddie Mac, and it amounts to $53,770,000. The loan terms include a seven-year duration and a non-recourse agreement.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $53,770,000
  • Address: 10220 Summer Palm Drive
  • Market: Riverview
  • Units: 340
  • Lender: Freddie Mac

Elliott Throne, Mona Carlton, Kenny Cutler, and Karim Khaiboullin, representing JLL Capital Markets, acted as brokers in this deal, facilitating the refinancing transaction. Their expertise and negotiation skills played a crucial role in the successful completion of this seven-year, non-recourse loan.

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Deals
  • Location
    10220 Summer Palm Drive, Riverview, FL, USA10220 Summer Palm Drive, Riverview, FL, USA
  • Loan Value
    $53,770,000$53,770,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency, 1 Lender4 Brokers, 1 Agency, 1 Lender

Agents

Karim Khaiboullin

Karim Khaiboullin

Deals4
Financed$149.7M

Kenny Cutler

Kenny Cutler

Deals18
Financed$821.1M

Mona Carlton

Mona Carlton

Deals8
Financed$266.7M

Elliott Throne

Elliott Throne

Deals16
Financed$661M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

Freddie Mac

Freddie Mac

Lender
Deals88
Volume$ 468.8B

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Deal Summary

LOAN IMAGE: Mona Carlton, Elliott Throne & Kenny Cutler DATE: 12/06/2021 ADDRESS: 10220 Summer Palm Drive MARKET: Riverview ASSET TYPE: Multifamily ~ UNITS: 340 LENDER: Freddie Mac LANDLORD: Beachwold Residential, LLC BROKERS: Elliott Throne, Mona Carlton, Kenny Cutler & Karim Khaiboullin - JLL Capital Markets LOAN AMOUNT: $53,770,000 LOAN TYPE: Refinancing LOAN TERMS: seven-year, non-recourse loan

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10220 Summer Palm Drive

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