Lument Provides $48.8M Refinancing Loan For 264-Unit Multifamily In Santa Rosa Beach

The multifamily property located at 24555 Highway 331 S in Santa Rosa Beach has recently undergone a refinancing loan. The property consists of 264 units spread across 32 acres in a bustling market. The loan was provided by lument''>Lument, with Steve Beltran representing the lender.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $48,800,000
• Loan Type: Refinancing Loan
• Loan Terms: 10-year term and 30-year amortization, fixed interest rate, and 60 months of interest-only payments

In this deal, Steve Beltran represented Lument as the lender. The loan amount of $48,800,000 was secured for the 10-year term with a 30-year amortization period. The loan features a fixed interest rate and includes 60 months of interest-only payments. This transaction marks an important milestone for the property as it seeks to optimize its financial structure.