JLL Arranges $43M Bridge Loan For 210-Unit Multifamily In Kissimmee
FINANCED
Florida
See Similar DealsMultiFamily
Financed 04/01/2024
FINANCED
JLL Arranges $43M Bridge Loan For 210-Unit Multifamily In Kissimmee
1851 Encantado Way
See Similar DealsMultiFamily
Financed 04/01/2024
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:
- Property Type: Multifamily
- Transaction Amount: $43,000,000
- Landlord: Trusot Developments
- Landlord's Representative: Max La Cava, Melissa Marcolini Quinn, Kenny Cutler, Joshua Odessky, & Pier Barinci - JLL
- Loan Type: Bridge Loan
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.
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Deal Type
30 years
10 years
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
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