Starwood Property Trust Provides $59M Bridge Loan For Orlando MultiFamily Property

Charles Foschini, Scott Wadler, and Chris Apone were involved in a recent loan transaction for a multifamily property in Orlando. The property, located at 2100 W. Oak Ridge Road, consists of 320 units.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $59,000,000
• Address: 2100 W. Oak Ridge Road
• Market: Orlando
• Units: 320

The loan for this transaction was provided by Starwood Property Trust. East Hill Capital Partners and The Bascom Group are the landlords involved in the deal. The brokers who facilitated the transaction were Charles Foschini, Chris Apone, and Scott Wadler from Berkadia.

The loan amount for this transaction was $59,000,000. It was a four-year, floating-rate bridge loan, with full-term interest-only and one 12-month extension option. The loan included $54 million in initial funding, with an additional future funding of $5.83 million.