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
Kissimmee MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
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