Centennial Management's Multifamily In Pembroke Gardens Secures $28.4M HUD-Backed Loan
3701 Southwest 52nd Avenue
Summary
A multifamily property located at 3701 SW 52nd Avenue in Pembroke Gardens has recently been involved in a closed transaction. The property consists of 198 units and is owned by Centennial Management, represented by Lewis V. Swezy. The transaction involved a loan provided by Greystone, with Eric Rosenstock serving as the lender's representative. The loan amount for the deal was $28,400,000, and it was a 35-year, fixed-rate, HUD-backed loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $28,400,000
- Address: 3701 SW 52nd Avenue
- Market: Pembroke Gardens
- Units: 198
- Lender: Greystone - Eric Rosenstock
- Landlord: Centennial Management - Lewis V. Swezy
The deal was facilitated by Eric Rosenstock from Greystone on behalf of the lender. Lewis V. Swezy represented Centennial Management as the landlord's representative. The transaction involved a significant loan amount and a long-term, fixed-rate agreement, providing stability and financing for the multifamily property in Pembroke Gardens.
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