ZMR Capital Secures $42.5 Million Bridge Loan From Nuveen Real Estate For Kissimmee Multifamily Asset
Florida
See Similar DealsZMR Capital Secures $42.5 Million Bridge Loan From Nuveen Real Estate For Kissimmee Multifamily Asset
1300 Santa Rosa Drive
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The property asset involved in this transaction is a multifamily unit comprising 216 units located at 1300 Santa Rosa Drive in Kissimmee. The loan amount secured for this property is $42,500,000, provided by Nuveen Real Estate. The structure is financed through a bridge loan with a three-year term, featuring a floating interest rate and two one-year extension options, along with full-term interest-only payments at a 68% loan-to-value ratio.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $42,500,000
- Lender: Nuveen Real Estate
- Landlord: ZMR Capital
- Brokers: Brad Williamson, Wesley Moczul, Mitch Sinberg, Matthew Robbins & Scott Wadler - Berkadia
- Loan Type: Bridge
- Loan Terms: Three-year floating-rate loan with two one-year extension options
- Interest Structure: Full-term interest only at 68% loan to value
The transaction features a collaborative effort from a team of brokers representing the deal, specifically Brad Williamson, Wesley Moczul, Mitch Sinberg, Matthew Robbins, and Scott Wadler from Berkadia. ZMR Capital serves as the landlord in this multifamily property transaction, engaging with Nuveen Real Estate as the lender to secure the specified financing for the asset.
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