Updated Apr 3, 2025
3650 REIT Provides $12.25M Loan For Multifamily Property In Kissimmee
1209 Bermuda Lakes Ln, Kissimmee, FL 34741, USA
$12,250,000
$427/SF
Building Size
28,669 SF
Asset Type
MultiFamily
Closing
Jul 23, 2020
About this deal
AI
Located at 1209 Bermuda Lakes Lane in Kissimmee, this multifamily property was involved in a closed transaction. The deal was facilitated by BayBridge Real Estate Capital, LLC, represented by brokers Jay Miller, Spencer Miller, and AJ Felberbaum. The asset type of the property is multifamily, and it consists of 133 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $12,250,000
- Lender: 3650 REIT
- Brokers: Jay Miller, Spencer Miller, and AJ Felberbaum – BayBridge Real Estate Capital, LLC
- Units: 133
The loan amount for this transaction was $12,250,000. The lender involved in the deal was 3650 REIT. Jay Miller, Spencer Miller, and AJ Felberbaum from BayBridge Real Estate Capital, LLC represented the buyer and seller.
Players
Kissimmee MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93