Updated Oct 28, 2024
Unicorp National Developments Inc. Obtains $75.2M Loan For Multifamily Property On Lakewood Ranch Blvd
2301 Lakewood Ranch Blvd, Sarasota, FL, USA
$75,200,000
$2,425/SF
Building Size
31,000 SF
Asset Type
MultiFamily
Closing
Jul 8, 2021
About this deal
AI
A multifamily property located at 2301 Lakewood Ranch Blvd in Sarasota, Florida, has been involved in a closed transaction. The property consists of 354 units and is owned by Unicorp National Developments Inc.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $75,200,000
- Address: 2301 Lakewood Ranch Blvd
- Market: Sarasota
Trez Capital, represented by Ben Jacobson, provided a loan of $75,200,000 for this transaction.
The multifamily loan at 2301 Lakewood Ranch Blvd, Sarasota, FL, USA in Sarasota, Florida financed for $75.2M in 2021. Reported inventory is 31,000 square feet across 354 units, or about 2.4K per square foot. This page is the Sarasota, Florida file for the 2301 Lakewood Ranch Blvd, Sarasota, FL, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Sarasota sit in the Market section below. Filter that Sarasota multifamily set by closing date to see what else financed near 2301 Lakewood Ranch Blvd, Sarasota, FL, USA around 2021. Published consideration for 2301 Lakewood Ranch Blvd, Sarasota, FL, USA is $75.2M, dated 2021. Cite this Unicorp National Developments Inc. Obtains $75.2M Loan For Multifamily Property On Lakewood Ranch Blvd loan when underwriting similar multifamily product around Sarasota, Florida.
On the Map
$75,200,000
$2,425/SF
MultiFamily
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Sarasota MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93