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
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