Grandbridge Real Estate Capital Provides $45M Loan For Multifamily Property In Rockledge
FINANCED
$45,000,000
Florida
See Similar DealsMultiFamily
Financed 02/24/2022
FINANCED
Grandbridge Real Estate Capital Provides $45M Loan For Multifamily Property In Rockledge
256 Barton Boulevard, Rockledge, Florida 32955, United States
See Similar DealsMultiFamily
Financed 02/24/2022
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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Deal Type
30 years
10 years
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
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