Updated Dec 4, 2024
JLL Arranges $43M Bridge Loan For 210-Unit Multifamily In Kissimmee
1851 Encantado Way
$43,000,000
Units
210
Asset Type
MultiFamily
Closing
Apr 1, 2024
About this deal
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:
- 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.
On the Map
$43,000,000
MultiFamily
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Players
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