Principal Life Insurance Company Provides $45M Loan For Multifamily Property Acquisition In Kissimmee
FINANCED
$45,000,000
Florida
See Similar DealsMultiFamily2,652 SF
Financed 06/09/2020
FINANCED
Principal Life Insurance Company Provides $45M Loan For Multifamily Property Acquisition In Kissimmee
1900 Ball Park Road, Kissimmee, FL, USA
See Similar DealsMultiFamily2,652 SF
Financed 06/09/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$16,968
Total Square Footage:2,652 SF
Transaction Type:Loan
The multifamily property located at 1900 Ball Park Road in Kissimmee was involved in a closed transaction. The property comprises 384 units in total.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $45,000,000
- Address: 1900 Ball Park Road, Kissimmee
- Market: Kissimmee
The lender in this transaction was Principal Life Insurance Company. CrowdStreet represented the lender, with Ryan Strub acting as their representative. On the other hand, The Latigo Group served as the landlord, with Mark Maron as their representative.
Note: No additional information was provided regarding the loan details, such as interest rate and term.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$45,000,000.00
Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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