FINANCED
AHC Of West Palm Beach, LLC Secures $42M Loan For 270-Unit Multifamily Property In West Palm Beach
4894 Alora Isles Drive
MultiFamily
1,355 SF
1,355 SF
Financed 1 year ago
Summary
Loan
FLORIDA
MultiFamily
1,355 sqft
The multifamily property located at 4894 Alora Isles Drive in West Palm Beach has been involved in a recent transaction. The property consists of 270 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $42,000,000
- Loan Type: Recapitalization
- Loan Terms: seven-year, fixed-rate loan, with full term interest only and a loan-to-cost of 81 percent
NW Mutual provided a loan of $42,000,000 for the transaction. The loan is a recapitalization loan with a term of seven years and a fixed interest rate. The terms of the loan include a full term interest only, and the loan-to-cost ratio is 81 percent.
The landlord in this transaction is AHC of West Palm Beach, LLC. The deal was facilitated by brokers Charles Foschini and Chris Apone from Berkadia.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Charles Foschini & Chris Apone
DATE: 09/27/2021
ADDRESS: 4894 Alora Isles Drive
MARKET: West Palm Beach
ASSET TYPE: Multifamily ~ UNITS: 270
LENDER: NW Mutual
LANDLORD: AHC of West Palm Beach, LLC
BROKERS: Charles Foschini & Chris Apone - Berkadia
LOAN AMOUNT: $42,000,000
LOAN TYPE: Recapitalization
LOAN TERMS: seven-year, fixed-rate loan, with full term interest only and a loan-to-cost of 81 percent.View on map
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Address4894 Alora Isles Drive
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