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JLL Arranges $43M Bridge Loan For 210-Unit Multifamily In Kissimmee

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FINANCED
$43,000,000
Kenny Cutler
Max La Cava
+ 2

Florida

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MultiFamily
Financed 04/01/2024
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FINANCED

JLL Arranges $43M Bridge Loan For 210-Unit Multifamily In Kissimmee

1851 Encantado Way

See Similar Deals
MultiFamily
Financed 04/01/2024
Kenny Cutler
Max La Cava
+ 2
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

The multifamily property located at 1851 Encantado Way in Kissimmee (Orlando MSA) consists of 210 units. The property was involved in a transaction where a bridge loan of $43,000,000 was secured.

Summary of transation details:

The deal was facilitated by the team from JLL, including Max La Cava, Melissa Marcolini Quinn, Kenny Cutler, Joshua Odessky, and Pier Barinci. They acted as the representatives for the landlord, Trusot Developments, in securing the $43,000,000 bridge loan for the multifamily property.

Players

Max La Cava
44 deals$1.5B volume(917) 825-7346
BROKER

Kenny Cutler
JLL
28 deals$1.4B volume
BROKER

Joshua "Josh" Odessky
JLL
19 deals$1B volume
BROKER

Melissa Marcolini Quinn
JLL
13 deals$1B volume
BROKER

Pier Barinci
JLL
27 deals$728.2M volume
BROKER

Details

FINANCED
IMAGE: Melissa Marcolini, Joshua Odessky, Max La Cava, Pier Barinci & Kenny Cutler DATE: 04/01/2024 ADDRESS: 1851 Encantado Way MARKET: Kissimmee (Orlando MSA) ASSET TYPE: Multifamily ~ UNITS: 210 LANDLORD: Trusot Developments LANDLORD'S REP: Max La Cava (@Max_La_Cava), Melissa Marcolini Quinn, Kenny Cutler, Joshua Odessky & Pier Barinci - JLL (@JLL) LOAN AMOUNT: $43,000,000 LOAN TYPE: Bridge Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$43,000,000.00

Monthly NOI$286,666.67
Monthly Debt Service$271,789.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00