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
Market 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93