Berkshire Residential Investments Acquires Multifamily Property In Jupiter For $135M Loan | 803 Promenade Way | Zak Baron, Oriana Montani, Eric Steiglitz, Cara Nelson, James Maynard, Mark Osher | MultiFamily | Loan

Summary

Loan

FLORIDA

MultiFamily

The property involved in the transaction is a multifamily asset located at 803 Promenade Way and 803 University Boulevard in Jupiter. It consists of 390 units. The transaction took place on May 16, 2022.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $135,000,000
Market: Jupiter
Loan Type: Acquisition Loan
Lender: Mesa West Capital - Russell Frahm
Landlord: Berkshire Residential Investments

The lender's representative in this deal is Russell Frahm from Mesa West Capital. The landlord's representative is Cara Nelson and Oriana Montani from DLA Piper. Additionally, Mark Osher, Eric Steiglitz, and Zak Baron from Gibson, Dunn & Crutcher, and Matt Williams and James Maynard from Newmark were involved as the lenders' representatives.

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Players

All
9

Agents
6
Agencies
3

Assistant Vice President

$233.2M Sold

Mark Osher

Partner

Details

Deal Summary

FINANCED

IMAGE: Russell Frahm DATE: 05/16/2022 ADDRESS: 803 Promenade Way & 803 University Boulevard MARKET: Jupiter ASSET TYPE: Multifamily ~ UNITS: 390 LENDER: Mesa West Capital - Russell Frahm LANDLORD: Berkshire Residential Investments (@BerkshireResI) LENDER'S REP: Mark Osher, Eric Steiglitz & Zak Baron - Gibson, Dunn & Crutcher (@GibsonDunnAndCrutcher); Matt Williams & James Maynard - Newmark (@Newmark) LANDLORD'S REP: Cara Nelson & Oriana Montani - DLA Piper (@DLAPiper) LOAN AMOUNT: $135,000,000 LOAN TYPE: Acquisition Loan

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Address803 Promenade Way

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