Updated Oct 13, 2026
E&S Ring Management Corp Secures $75M Loan For 508-Unit Multifamily In Costa Mesa
2400 Harbor Blvd, Port Charlotte, FL 33952, USA
$75,000,000
$19,815/SF
Building Size
3,785 SF
Asset Type
MultiFamily
Closing
Apr 28, 2020
About this deal
AI
The multifamily property located at 2400 Harbor Blvd in Costa Mesa has been involved in a closed transaction. The property is owned by E&S Ring Management Corp. The deal was facilitated by brokers Nathan Prouty and Andy Slaton from NorthMarq. The transaction involved a loan amount of $75,000,000 with a term of 10 years. The property consists of 508 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $75,000,000
- Loan Terms: 10 years
- Units: 508
- Landlord: E&S Ring Management Corp
- Brokers: Nathan Prouty & Andy Slaton – NorthMarq
Nathan Prouty and Andy Slaton from NorthMarq played a key role in this transaction as brokers representing the buyer, seller, landlord, or tenant. The deal highlights their expertise in the Costa Mesa market.
On the Map
$75,000,000
$19,815/SF
MultiFamily
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Players
Port Charlotte 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93