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1900 Ball Park Road, Kissim...

Principal Life Insurance Company Provides $45M Loan For Multifamily Property Acquisition In Kissimmee
FINANCEDMultiFamily

Principal Life Insurance Company Provides $45M Loan For Multifamily Property Acquisition In Kissimmee

1900 Ball Park Road, Kissimmee, FL, USA

$45,000,000

$16,968/SF

Building Size

2,652 SF

Asset Type

MultiFamily

Closing

Jun 9, 2020

AI

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

The Latigo Group
The Latigo GroupBrokerage
Principal Life Insurance Company
Principal Life Insurance CompanyLender

Mark Maron

The Latigo Group

Landlord

$391.2M

vol

5 deals

Landlord

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

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93