Updated Nov 4, 2026
Muirfield Development Secures $49.64 Million Loan For Gateway Osceola Multifamily Project In Kissimmee
1941 East Irlo Bronson Memorial Highway
$49,640,200
Units
252
Asset Type
Development Site
Closing
Nov 3, 2026
About this deal
AI
The property asset is a development site located at 1941 East Irlo Bronson Memorial Highway in Kissimmee, Florida. This site is intended for a multifamily project known as Gateway Osceola, which will encompass three four-story residential buildings and will include amenities such as a clubhouse, private garages, a pool, a fitness center, a dog park, and a walking trail.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $49,640,200
- Lender: Landon Snapp - Greystone
- Landlord: Muirfield Development
- Loan Type: Construction & Permanent
This transaction was facilitated by Landon Snapp from Greystone, who provided HUD-insured financing to Muirfield Development for the Gateway Osceola project. This financing will support the construction and permanent phases of the development.
On the Map
$49,640,200
Development Site
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Players
Highway Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93