FINANCED
Red Knight Properties Acquires Multifamily Property In Ocala, FL With $1.8M Loan From Trevian Capital
1938 Southwest 31st Avenue
MultiFamily
20,208 SF
20,208 SF
Financed 1 year ago
Summary
Loan
FLORIDA
MultiFamily
20,208 sqft
The acquisition of Paradise Apartments, a 24-unit multifamily apartment property, located at 1938 SW 31st Ave in Ocala, FL, was financed through a 12-month floating rate loan. The loan amount of $1,785,000 represented 75% of the property's value, with interest-only payments for the entire term.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,785,000
- Address: 1938 SW 31st Ave
- Market: Ocala, FL
- Asset Type: Multifamily
- Square Footage: 20,208 NRSF
The financing for Paradise Apartments was facilitated by Trevian Capital, while Red Knight Properties served as the landlord. Black Bear Capital Partners, represented by Matthew Stearns & Zach Lutwak-Fitzgerald, acted as the brokers in this acquisition loan.
Players
Details
FINANCED
IMAGE: Matthew Stearns & Zach Lutwak-Fitzgerald
DATE: 05/16/2022
ADDRESS: 1938 SW 31st Ave
MARKET: Ocala, FL
ASSET TYPE: Multifamily ~ SF: 20,208 NRSF
LENDER: Trevian Capital (@TrevianCapital)
LANDLORD: Red Knight Properties (@RedKnightProperties)
BROKERS: Matthew Stearns & Zach Lutwak-Fitzgerald (@ZFitzgerald40) - Black Bear Capital Partners (@BlackBearCapitalPartners)
LOAN AMOUNT: $1,785,000
LOAN TYPE: Acquisition
LOAN TERMS: The acquisition of Paradise Apartments, a 24-unit multifamily apartment property, was financed via a 12-month floating rate loan at 75% LTV and interest only payments for the entirety of the term.View on map
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Address1938 Southwest 31st Avenue
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