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Loan · MultiFamily

Freddie Mac Provides $37.1M Acquisition Loan For Multifamily Property In Orlando
FINANCEDMultiFamily

Freddie Mac Provides $37.1M Acquisition Loan For Multifamily Property In Orlando

$37,100,000

Building Size

Asset Type

MultiFamily

Closing

Jan 25, 2024

AI

Trion Properties has secured an acquisition loan from Freddie Mac for a multifamily property located at 2490 South Conway Road in Orlando. The loan amount provided by Freddie Mac is $37,100,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $37,100,000

The deal was facilitated by brokers Henry Stimler, Ricky Warner, and William Weber from Newmark. They represented Trion Properties in this transaction.

Players

William Weber

Newmark

Broker

$9.6B

vol

49 deals

Broker
Trion Properties
Trion PropertiesBrokerage
Trion Properties
Trion PropertiesLandlord

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93