Circle Capital Partners Secures $4.55M Acquisition Loan For 17-Acre Development Site In Kissimmee
FINANCED
$4,550,000
Florida
See Similar DealsDevelopment Site
Financed 12/28/2021
FINANCED
Circle Capital Partners Secures $4.55M Acquisition Loan For 17-Acre Development Site In Kissimmee
Kissimmee, Florida, United States
See Similar DealsDevelopment Site
Financed 12/28/2021
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
An acquisition loan in the amount of $4,550,000 was secured for the development site in Kissimmee. The property spans across 17 acres and has a total of 330 units. The loan was obtained from financemiami''>FinanceMiami, with Doug Landry, Roberto Perea, and Emile Schachter representing the lender. Circle Capital Partners serves as the landlord for this transaction. FinanceMiami also acted as the broker in the deal.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $4,550,000
- Market: Kissimmee
- Asset Type: Development Site
- Acres: 17
- Units: 330
The acquisition loan was facilitated by FinanceMiami, with Doug Landry, Roberto Perea, and Emile Schachter representing the lending entity. Circle Capital Partners acts as the landlord in this transaction. This deal highlights the involvement of FinanceMiami as both the lender and broker, showcasing their expertise in the market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,550,000.00
Monthly NOI$30,333.33
Monthly Debt Service$28,759.10
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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