MSP Enterprises Refinances Multifamily Property In Delray Beach For $37M With John Hancock

The multifamily property located at 14768 Enclave Lakes Drive in Delray Beach has undergone a refinancing transaction. The loan for the property was provided by John Hancock. The terms of the loan include a 10-year fixed rate full term interest loan with a 67% loan-to-cost ratio. The total loan amount for the transaction was $37,000,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $37,000,000
• Loan Type: Refinance
• Lender: John Hancock
• Landlord: MSP Enterprises
• Brokers: Charles Foschini & Christopher Apone - Berkadia Miami
• Address: 14768 Enclave Lakes Drive
• Market: Delray Beach
• Loan Terms: 10-year, fixed rate full term interest loan with a 67% LTC

The brokers involved in the deal were Charles Foschini and Christopher Apone from Berkadia Miami. They represented the parties in the transaction and facilitated the refinancing process for the multifamily property in Delray Beach.