Trinity Community Development Foundation Secures $134.3M Loan For Millenia Moments Orlando Development
4550 Vineland Road
$134,300,000
Building Size
—
Asset Type
Development Site
Closing
May 14, 2025
AI
The property asset involved in the transaction is a development site located at 4550 Vineland Road, Orlando. The site comprises 10.5 acres with a building size of 316,900 square feet. It is part of a senior housing project named Millenia Moments Orlando, with a loan amount of $134,300,000 secured for its development.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $134,300,000
- Address: 4550 Vineland Road
- Market: Orlando
- Asset Size: 316,900 square feet
- Acres: 10.5
- Landlord: Matt Crouch - Trinity Community Development Foundation
- Broker Representatives: Aaron Rulnick, Kerry Lewandowski & Brady Johnson - HJ Sims; Alanna Ellis, Greg Fawcett & Timothy Hosmer - JLL
JLL and HJ Sims played significant roles in securing the financing for this project, which will feature 261 senior housing units including independent living, assisted living, and memory care units. The facility is set to be operated by Vitality Senior Living and is expected to open in 2027.
Players
Orlando Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93