Updated Mar 11, 2025
NorthMarq Provides $41.2M Loan For Orlando Multifamily Property
6750 Woodlake Drive, Orlando, FL, USA & 6750 Woodlake Drive, Orlando, FL, USA
$41,200,000
$1,717/SF
Building Size
11,996 SF
Asset Type
Development Site
Closing
Mar 24, 2020
About this deal
AI
Veena Jetti and Jeffrey Weidell recently closed a loan transaction in Orlando. The property involved in the deal is a multifamily asset located at 6750 Woodlake Drive. Enzo Multifamily, represented by Veena Jetti and Moneil Investments, acted as the landlord in the transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $41,200,000
- Loan Terms: 10 years
- Units: 324
- Lender: northmarq''>NorthMarq - Jeffrey Weidell
- Landlord: Enzo Multifamily - Veena Jetti & Moneil Investments
The loan amount for this transaction was $41,200,000, with a loan term of 10 years. The property consists of 324 units. NorthMarq, represented by Jeffrey Weidell, acted as the lender in this deal.
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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93