FINANCED
Red Knight Properties Acquires Belleview Apartments In Belleview, FL With $5.2M Loan
11322 Southeast 55th Avenue Road
MultiFamily
50,304 SF
50,304 SF
Financed 1 year ago
Summary
Loan
FLORIDA
MultiFamily
50,304 sqft
The multifamily property located at 11322 SE 55th Avenue Rd in Belleview, FL has recently been involved in a closed transaction. The property consists of 56 units and spans a total of 50,304 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,215,000
- Address: 11322 SE 55th Avenue Rd, Belleview, FL
- Market: Belleview, FL
- Units: 56
- Square Feet: 50,304
The loan for the acquisition of Belleview Apartments, provided by Trevian Capital, amounted to $5,215,000. The loan was secured at a 75% loan-to-value (LTV) ratio and had a 12-month floating rate term. Throughout the entire term, interest-only payments were made.
The landlord for the property is Red Knight Properties, while the brokers involved in the deal were Matthew Stearns and Zach Lutwak-Fitzgerald from Black Bear Capital Partners.
Players
Details
FINANCED
IMAGE: Matthew Stearns & Zach Lutwak-Fitzgerald
DATE: 04/29/2022
ADDRESS: 11322 SE 55th Avenue Rd
MARKET: Belleview, FL
ASSET TYPE: Multifamily ~ UNITS: 56 ~ SF: 50,304
LENDER: Trevian Capital
LANDLORD: Red Knight Properties (@RedKnightProperties)
BROKERS: Matthew Stearns & Zach Lutwak-Fitzgerald - Black Bear Capital Partners (@BlackBearCapitalPartners)
LOAN AMOUNT: $5,215,000
LOAN TYPE: Acquisition
LOAN TERMS: The acquisition of Belleview Apartments, a 56-unit multifamily apartment property, was financed via a 12-month floating rate loan at 75% LTV and interest only payments for the entirety of the term.View on map
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Address11322 Southeast 55th Avenue Road
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