facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Development Site

/

Loan

/

Kissimmee, Florida, United ...

Circle Capital Partners Secures $4.55M Acquisition Loan For 17-Acre Development Site In Kissimmee
FINANCEDDevelopment Site

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

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.

Players

FinanceMiami
FinanceMiamiLender

Kissimmee Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

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