Updated Mar 11, 2025
GMF Capital Acquires Multifamily Property In Naples With $20.6M Loan
2580 Wild Pines Lane, Naples, FL, USA & 2580 Wild Pines Lane, Naples, FL, USA
$20,620,000
$81/SF
Building Size
124,410 SF
Asset Type
MultiFamily
Closing
Nov 10, 2020
About this deal
AI
The multifamily property located at 2580 Wild Pines Lane in Naples has been involved in a recent transaction. The loan for this property was provided by berkadia''>berkadia'>Berkadia and Freddie Mac. The loan amount was $20,620,000, and the loan terms included a 15-year fixed-rate with 10 years of interest only. The property is owned by GMF Capital.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,620,000
- Lender: Berkadia/Freddie Mac
- Landlord: GMF Capital
- Brokers: Mitch Sinberg & Matt Robbins - Berkadia
Mitch Sinberg and Matt Robbins from Berkadia represented the parties involved in this transaction. They acted as the brokers for this deal, facilitating the loan between Berkadia and Freddie Mac and representing the interests of the landlord, GMF Capital.
Players
Naples 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93