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200 Village Place, Davenpor...

Davenport Multifamily Property Secures $32.2M Loan With JLL Brokers Mon..
FINANCEDMultiFamily

Davenport Multifamily Property Secures $32.2M Loan With JLL Brokers Mon..

200 Village Place, Davenport, FL, USA

$32,200,000

$3/SF

Building Size

9,961,320 SF

Asset Type

MultiFamily

Closing

May 31, 2020

AI

200 Village Pl in Davenport, a multifamily property, was recently involved in a closed transaction. The loan for this property was valued at $32,200,000, with a 10-year, floating-rate term. The property consists of 240 units.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $32,200,000
  • Loan Terms: 10-year, floating-rate
  • Units: 240

The brokers involved in this transaction were Mona Carlton, Elliott Throne, Jesse Wright, Amit Kakar, and Michael DiCosimo from JLL. The landlord for the property is Beachwold Residential.

Players

Jesse Wright

JLL

Broker

$1.6B

vol

23 deals

Broker

Davenport 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

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93