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1851 Encantado Way

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

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

1851 Encantado Way

$43,000,000

Building Size

Asset Type

MultiFamily

Closing

Apr 1, 2024

AI

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

JLL

Broker

$1.5B

vol

45 deals

Broker

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

0.37%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93