ESG Kullen Secures $22.5 Million Loan From Encore Finance For Orlando Multifamily Asset
FINANCED
$22,500,000
Florida
See Similar DealsMultiFamily1 SF
Financed 09/06/2024
FINANCED
ESG Kullen Secures $22.5 Million Loan From Encore Finance For Orlando Multifamily Asset
12806 Madison Pointe Circle
See Similar DealsMultiFamily1 SF
Financed 09/06/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$22,500,000
Total Square Footage:1 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 12806 Madison Pointe Circle in the Orlando market, comprising a total of 336 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,500,000
- Lender: Encore Finance
- Landlord: ESG Kullen
- Loan Terms: 183 out of the 336 total units. 5 years fixed rate
- Brokers: Christopher Apone, Charles Foschini, Lourdes Carranza-Alvarez & Shannon Wilson - Berkadia
The individuals involved in this deal include brokers Christopher Apone, Charles Foschini, Lourdes Carranza-Alvarez, and Shannon Wilson, all representing Berkadia, facilitating the loan agreement for ESG Kullen through Encore Finance.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,500,000.00
Monthly NOI$150,000.00
Monthly Debt Service$142,215.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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