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Rialto Capital Management Provides $34.5M Acquisition Loan For Tallahassee Multifamily Property

1447 Stone Road, 410 Victory Garden Drive, 1600 Pullen Road
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This MultiFamily property located in FL received a loan of $34,500,000 almost 4 years ago. The brokers of the deal were Solomon Michailow, Max Herzog, Matt Fagella, and Marko Kazanjian

The multifamily properties located at 1447 Stone Road, 410 Victory Garden Drive, and 1600 Pullen Road in Tallahassee were involved in a recent transaction. The deal took place on 06/22/2021 and the asset type is multifamily.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $34,500,000
  • Market: Tallahassee

The loan for this acquisition was provided by Rialto Capital Management, represented by Oliver Striker. BJB Properties, owned by James Purcell and Donald P. Barry, served as the landlord in this transaction. The brokers involved in the deal were Max Herzog, Marko Kazanjian, Matt Fagella, and Solomon Michailow from JLL Capital Markets.

Additional details about the loan include:

  • Lender: Rialto Capital Management - Oliver Striker
  • Landlord: BJB Properties - James Purcell & Donald P. Barry
  • Brokers: Max Herzog, Marko Kazanjian, Matt Fagella, Solomon Michailow - JLL Capital Markets
  • Loan Type: Acquisition

These properties were part of a significant transaction in Tallahassee, involving a loan amount of $34,500,000 for the acquisition of multifamily assets.

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Deals
  • Location
    1447 Stone Road, Tallahassee, FL, USA1447 Stone Road, Tallahassee, FL, USA
  • Loan Value
    $34,500,000$34,500,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 2 Agencies, 1 Lender4 Brokers, 2 Agencies, 1 Lender

Agents

Solomon Michailow

Solomon Michailow

Deals11
Financed$94.2M

Matt Fagella

Matt Fagella

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Financed$431.5M

Max Herzog

Max Herzog

Deals39
Financed$2B

Marko Kazanjian

Marko Kazanjian

Deals33
Financed$2.3B

Agencies

S2 Property Group

S2 Property Group

Agency
Deals11
Volume$159.6M

JLL

JLL

Agency
Deals5591
Volume$332.6B

Rialto Capital

Rialto Capital

Lender
Deals11
Volume$ 68.4B

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Deal Summary

LOAN IMAGE: Matt Fagella, Max Herzog, Marko Kazanjian & Solomon Michailow DATE: 06/22/2021 ADDRESS: 1447 Stone Road, 410 Victory Garden Drive, 1600 Pullen Road MARKET: Tallahassee ASSET TYPE: Multifamily LENDER: Rialto Capital Management - Oliver Striker LANDLORD: BJB Properties - James Purcell & Donald P. Barry BROKERS: Max Herzog, Marko Kazanjian , Matt Fagella , Solomon Michailow - JLL Capital Markets LOAN AMOUNT: $34,500,000 LOAN TYPE: Acquisition

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1447 Stone Road, 410 Victory Garden Drive, 1600 Pullen Road

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