Starwood Property Trust Secures $380M Loan For Affordable Multifamily Portfolio In Florida

An affordable multifamily portfolio in Florida has been involved in a closed property transaction. The property portfolio, owned by Starwood Property Trust and represented by Barry Sternlicht, has attracted a loan from Barclays and Goldman Sachs. The loan amount for this two-year, floating-rate and interest-only deal is $380,000,000.

Summary of transaction details

• Property Type: Affordable Multifamily Portfolio
• Transaction Amount: $380,000,000
• Lender: Barclays & Goldman Sachs
• Landlord: Starwood Property Trust - Barry Sternlicht
• Broker: CBRE
• Loan Terms: Two-year, floating-rate and interest-only
• Market: Florida

The key individuals involved in this transaction include Barry Sternlicht representing Starwood Property Trust as the landlord, and CBRE serving as the broker. This closed deal showcases the confidence of lenders, Barclays and Goldman Sachs, in financing the affordable multifamily portfolio in Florida for a loan term of two years with a floating interest rate and interest-only payments.