Finance Deals of the Week: Goldman Sachs’ $97M Florida Multifamily Loan
The top five finance deals from May 27 to May 31
By The Editors May 31, 2024 10:00 am
reprints
The short week after Memorial Day weekend produced smaller commercial real estate financings, mostly in the multifamily sector. They were led by a $97 million construction loan from Goldman Sachs (GS) for Mahaffey Apartment Company to build a 610-unit apartment community in Palmetto, Fla. First Citizens Bank (FCNCA) also supplied a $74 million loan for Lonicera Partners to refinance its 160-unit apartment building at 310 Livingston Street in Downtown Brooklyn. Here are the rest of the deals.
| Loan Amount | Lender | Borrower | Address | Property Type | Broker |
|---|---|---|---|---|---|
| $97 million | Goldman Sachs | Mahaffey Apartment Company | The Carlton at Robinson Gateway; Palmetto, Fla. | Multifamily | Berkadia's Mitch Sinberg, Bryan Brown, Matthew Robbins, Scott Wadler and Bradley Williamson |
| $74 million | First Citizens Bank | Lonicera Partners | 310 Livingston Street; Brooklyn | Multifamily | N/A |
| $70 million | Affinius Capital | Rockwood Capital and Mill Creek Residential | Modera Skylar; Miami | Multifamily | N/A |
| $58 million | Affinius Capital | Dalfen Industrial | 4982 Hallmark Parkway; San Bernardino, Calif. | Industrial | N/A |
| $51 million | BridgeCity Capital | Watermark Capital Group | 175 Pearl Street; Brooklyn | Multifamily | N/A |
Finance Deals of the Week reflect deals closed or announced from May 27 to May 31. Information on financings can be sent to editorial@commercialobserver.com.
Bradley Williamson, Bryan Brown, Chris Moyer, Matthew Robbins, Mitch Sinberg, Scott Wadler, Affinius Capital, Berkadia, BridgeCity Capital, Cushman & to Wakefield, First Citizens Bank, Goldman Sachs, Kōz Development, Lonicera Partners, Mill Creek Residential, MSquared, Rockwood Capital, Watermark Capital Group
