Updated Oct 29, 2024
PCCP LLC Provides $67.8M Loan For Parkway Crossings In Kissimmee
1001 E Osceola Pkwy Kissimmee, FL 34744, USA
$67,800,000
Units
309
Asset Type
MultiFamily
Closing
Jun 7, 2023
About this deal
AI
The development site located at 1001 East Osceola Parkway in Kissimmee, Florida has secured financing for its construction. PCCP LLC has provided a loan amount of $67,800,000 for the development of Parkway Crossings, a 309-unit upscale apartment property. The property, developed by Fore Property Co., features amenities such as a fitness center, swimming pool, smart-home technology, and electric-vehicle chargers.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $67,800,000
- Address: 1001 East Osceola Parkway
- Market: Kissimmee
- Asset Type: Development Site
- Acres: 6
- Lender: PCCP LLC
- Landlord: Fore Property Co. - Richard Fore
- Loan Type: Construction Loan
PCCP LLC, the lender in this transaction, has provided the necessary financing for the development. Fore Property Co., represented by Richard Fore, is the landlord overseeing the project. The development site offers upscale apartments equipped with modern amenities like a fitness center, swimming pool, smart-home technology, and electric-vehicle chargers.
On the Map
$67,800,000
MultiFamily
View full map
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93