Kimaya Real Estate Secures $65.5 Million Bridge Loan For 232-Unit Multifamily Asset In Ocoee

The property asset involved in this transaction is a multifamily building located at 2039 Marigold Park Drive in Ocoee. The asset comprises 232 units and is financed with a bridge loan totaling $65,500,000. The loan features a 3-year term with a floating interest rate.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $65,500,000
• Loan Type: Bridge
• Loan Terms: 3-year, floating-rate
• Lender: Kayne Anderson
• Borrower: Kimaya Real Estate
• Landlord's Rep: Mitch Sinberg, Brad Williamson, Scott Wadler, Matt Robbins, Wesley Moczul & Jacob Kelly - Berkadia

Key individuals and companies involved in the transaction include Kimaya Real Estate as the borrower, with Kayne Anderson providing the financing. The landlord was represented by a team from Berkadia, consisting of six professionals responsible for facilitating the loan arrangement.