Updated Oct 28, 2024
Circle Capital Partners Secures $4.55M Acquisition Loan For 17-Acre Development Site In Kissimmee
Kissimmee, Florida, United States
$4,550,000
Units
330
Asset Type
Development Site
Closing
Dec 28, 2021
About this deal
AI
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.
On the Map
$4,550,000
Development Site
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Players
Kissimmee 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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93