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Grandbridge Real Estate Capital Provides $45M Loan For Multifamily Property In Rockledge

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FINANCED
$45,000,000

Florida

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MultiFamily
Financed 02/24/2022
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Property Image
FINANCED

Grandbridge Real Estate Capital Provides $45M Loan For Multifamily Property In Rockledge

256 Barton Boulevard, Rockledge, Florida 32955, United States

See Similar Deals
MultiFamily
Financed 02/24/2022
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

The property asset involved in the transaction is a multifamily property located at 256 Barton Blvd in Rockledge. It consists of 247 units.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $45,000,000
  • Address: 256 Barton Blvd, Rockledge
  • Market: Rockledge
  • Units: 247

The lender for this transaction was Grandbridge Real Estate Capital, represented by Thomas Wiedeman. The loan amount provided was $45,000,000. The landlord involved in the deal was Hutton Real Estate Holdings.

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Details

FINANCED
IMAGE: Thomas Wiedeman DATE: 02/24/2022 ADDRESS: 256 Barton Blvd MARKET: Rockledge ASSET TYPE: Multifamily ~ UNITS: 247 LENDER: Grandbridge Real Estate Capital - Thomas Wiedeman LANDLORD: Hutton Real Estate Holdings LOAN AMOUNT: $45,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$45,000,000.00

Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00