Updated Mar 11, 2025
Grandbridge Real Estate Capital Provides $45M Loan For Multifamily Property In Rockledge
256 Barton Boulevard, Rockledge, Florida 32955, United States
$45,000,000
Units
247
Asset Type
MultiFamily
Closing
Feb 23, 2022
About this deal
AI
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.
The multifamily loan at 256 Barton Boulevard, Rockledge, Florida 32955, United States in Rockledge, Florida financed for $45M in 2022. Reported inventory is 247 units across 247 units. Grandbridge Real Estate Capital appears on the loan alongside Grandbridge Real Estate Capital. This page is the Rockledge, Florida file for the 256 Barton Boulevard, Rockledge, Florida 32955, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Rockledge sit in the Market section below. Filter that Rockledge multifamily set by closing date to see what else financed near 256 Barton Boulevard, Rockledge, Florida 32955, United States around 2022. Published consideration for 256 Barton Boulevard, Rockledge, Florida 32955, United States is $45M, dated 2022. Cite this Grandbridge Real Estate Capital Provides $45M Loan For Multifamily Property In Rockledge loan when underwriting similar multifamily product around Rockledge, Florida.
Players
Rockledge 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93