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West View Apartments Refinances Multifamily Property In Hialeah With $24.5M Loan From Fannie Mae

850- 980 West 74th Street
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This MultiFamily property located in FL received a loan of $24,480,000 almost 3 years ago. The broker of the deal was Robert Bhat

West View Apartments, located at 850-980 W 74th St in Hialeah, has secured a refinancing loan of $24,480,000. The property, which falls under the multifamily category, successfully obtained a loan from Fannie Mae. The terms of the loan include a 5-year interest-only period and no reserves, with a spread of 2.07%. This transaction was facilitated by Robert Bhat of an undisclosed agency acting as the broker for West View Apartments.

Summary of transaction details:

  • Property Type: Multifamily
  • Loan Amount: $24,480,000
  • Loan Type: Refinance
  • Lender: Fannie Mae
  • Landlord: West View Apartments
  • Broker: Robert Bhat - Undisclosed Agency

West View Apartments in Hialeah successfully obtained a refinancing loan of $24,480,000 from Fannie Mae. The loan terms include a 5-year interest-only period and no reserves, with a spread of 2.07%. Robert Bhat of an undisclosed agency played a key role in facilitating this transaction as the broker representing West View Apartments.

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Deals
  • Location
    980 West 74th Street, Hialeah, FL 33014, USA980 West 74th Street, Hialeah, FL 33014, USA
  • Loan Value
    $24,480,000$24,480,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Robert Bhat

Robert Bhat

Deals25
Financed$283.5M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Fannie Mae

Fannie Mae

Lender
Deals59
Volume$ 226.8B

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Deal Summary

LOAN IMAGE: Robert Bhat DATE: 05/07/2021 ADDRESS: 850- 980 W 74th St MARKET: Hialeah ASSET TYPE: Multifamily LOAN TYPE: Refinance LENDER: Fannie Mae LANDLORD: West View Apartments BROKER: Robert Bhat LOAN AMOUNT: $24,480,000 LOAN TERMS: 5 Yrs Interest Only, No Reserves, Spread of 2.07%

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850- 980 West 74th Street

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